CALIMA ENERGY - Positive Outlook, page-21

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Quest09

819 Posts.

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12/10/23

11:44

Post #: 70306280
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Originally posted by Quest09: ↑

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.

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Originally posted by Quest09: ↑

If my estimate is correct, and Pisces10 is producing ~500 barrels per day, then that could be an overall oil production capacity increase of ~10% to ~15% (current production is about 3600 to 4000 barrels per day). That's a significant increase in production capacity.!

The interesting thing is that CE1 have just finished drilling another two wells (Pisces11 & Pisces12).!

If those two wells have similar production rates as Pisces10, then CE1 oil production capacity could have an increase of production capacity in the range of 30% to 45% by December.

Now that really is a significant increase in production capacity.!

PS. thanks for the compliment GARP, i'll take it . Oh, and feel free to jump onboard the positive outlook train. IMO, it's going to be a fun ride .

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It has been about 10 days since we last received an update about the current Brooks drilling program (October 3rd).

I'm thinking it won't be long before we are due another.

If the current trend continues, we should be expecting more great news.

CE1 Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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CALIMA ENERGY - Positive Outlook, page-21

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CALIMA ENERGY - Positive Outlook, page-21

Top Stories

Askari sets exploration target of up to 323K ounces Au at Burracoppin

XReality Group wins $800K contract from Aus Government for military and police VR training tech

Latitude 66 Shares Surge 8900% on Promising Exploration Update

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

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