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0.9¢ calima energy limited

Top 20 Holders own 51.23% of CE1. Some pretty big names in the...

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Quest09

1,016 Posts.

137

02/11/23

18:48

Post #: 70697260
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Originally posted by Quest09: ↑

A lot of positives here. Production target of 4,000 boe/d exceeded, with one new well yet to come online.
Current market cap is ~$55 million.
Significantly undervalued IMO.

Quarterly revenue = $23.7 million (~$100 million per annum).
Quarterly Cash flow from operations = $9.8 million.
Current Production = 4,100 boe/d (not including newly drilled P12 well, due to come online shortly)

Quarter 4 forecast looking strong.

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Originally posted by Quest09: ↑

This is also highly notable.

28% reduction in spending compared to last year, while still maintaining production.

That essentially translates into a 28% increase in profit margin compared to last year, just on cost savings alone.

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Originally posted by Quest09: ↑

Article link: https://colitco.com/calima-energy-limited-quarterly-update-successful-drilling-and-production-boost-up/

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Top 20 Holders own 51.23% of CE1. Some pretty big names in the mix.

I vote of confidence from some major players IMO.

CE1 Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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