The only way to achieve that billion dollar valuation is that if all the oil would change into WTI crude, then get magically teleported to the buyers, thus skipping drilling/processing/transport. Not to mention royalties...
Sadly, even with all the magical means, I'm sure management will find a way to somehow make it just barely profitable.
CALIMA ENERGY - Positive Outlook, page-19
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Mkt cap ! $5.067M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2562946 | 3 |
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