CE1 0.00% 0.9¢ calima energy limited

Ann: Trading Halt, page-12

  1. 10,917 Posts.
    lightbulb Created with Sketch. 3635
    Agreed Invertedva, technically it shouldn't be an issue (gas composition would be known, nothing noted re H2S so not a sour gas).

    What I wouldn't play down is the hurdle of financing for the pad equipping and gas gathering pipeline and connection. A$27.3M is a significant amount of additional capital, all of which is required to be invested before a dollar is received. This is not going to be anywhere near as easy a business plan as "prove up and sell the acreage" was.

    Going to take some deft maneuvering.
 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.