CE1 0.00% 0.8¢ calima energy limited

Ann: Tommy Lakes and Montney acreage sold for A$12 million, page-64

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    From the ( paid) report by Canadian Discovery in November 2020 :
    As of November 2020, Calima holds approximately26,000 ha of Montney P&NG rights (figure 2), overhalf of which have been converted to leases withexpiry dates no earlier than June 2029. Combiningthis land base with the company’s recent acquisitionof infrastructure at Tommy Lakes, and receipt ofapproval to construct pipeline from its recent wellsto that infrastructure (Calima, 2020b), Calima is well positioned to build significantly on its currentMontney development.
    Conclusions: Pressure and flow test results from the UpperMiddle Montney in Calima-2 and the UpperMontney in Calima-3, in addition to core analysisfrom Calima-1, indicate the presence of high-productivity Montney zones at the northern edgeof the current Montney fairway. Regional mappingand the production history of analogue wells atLaprise and Birley Creek also point to Calima’swells becoming strong performers. While nottested, lower Montney intervals, based on core andlog analysis from Calima-1, represent a potentialresource that to date has been underdevelopedelsewhere in northeast BC.
    https://hotcopper.com.au/data/attachments/5540/5540964-1407ff5e6714bb1b6aee442bf2412fe2.jpg
 
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