CE1 calima energy limited

Ann: Sept 2023 Quarterly Activities and Cash Flow Report, page-2

  1. 9,417 Posts.
    lightbulb Created with Sketch. 4090

    Not that great

    Production down 3.8%

    Cash is $17.3.

    But $11.5 million of that came from fire sale of Montney – robbing Peter to pay Paul/management.

    And now $7.5 million has been returned.

    They are finally coming clean about how costs are too high. The question is: can they actually meet their opex reduction goals?
    I'd also take their production forecasts with a grain of salt.


    https://hotcopper.com.au/data/attachments/5696/5696797-35cfeb4e0804f5ac2695cf0267bd7b31.jpg

    No wonder they pulled the plug on Montney.

    Will say it again, the upside has been sold off to provide stable cashflows to pay management.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.