A throw the hands up in the air scenario ...CE1 - Seems similar...

A throw the hands up in the air scenario ...

CE1 - Seems similar to our story "For some time the Company’s share price has not reflected"

“For some time the Company’s share price has not reflected the value of the Montney Assets. While these assets presented significant future value, the substantial cost of maintaining the existing facilities, building new infrastructure, volatile gas price in NEBC and limited hedging opportunities, has made it very challenging for a small junior to finance the development without substantial equity/project dilution. The disposal of the Montney Assets will result in savings of approximately A$1 million pa, and allow our resources to be directed and focused on the Brooks and Thorsby production assets and other ventures requiring appropriate capital allocation for an emerging oil and gas company. Calima had successfully opened an exciting new play fairway in the Montney. Making the decision to sell was challenging but we feel shareholders will be better rewarded from focus on continued emphasis to build profitability.