CALIMA ENERGY - Positive Outlook

IMO newly drilled well, Pisces10, is potentially producing ~430 to 500 barrels per day.

So aiming to estimate the production rate of the recently drilled Pisces10 well.



According to recent announcement Pisces10 is producing "in-line with Pisces #6 and #7", which is considered "significantly above the typical production curve".





Another previous announcement describes the production rates of Pisces #6 and #7. P6 & 7 achieved an average of 505 barrels per day over the first 30 days production and an average of 432 barrels a day over the first 90 days of production.

Hence we can estimate that Pisces10 is currently producing around 500 barrels per day.

If correct, that would be a great result which is significantly above typical glauconitic production curves.