CALIMA ENERGY - Positive Outlook, page-78

Well with the added three Pisces wells CE1 stated peak production will be DEC so above 4000Boe/d (4200-4400 etc )

they have been cutting costs-(Montney,Power,production,development,mgmt) how much we will soon find out ... but if CE1 can save $1-3mill pa that's going straight to the bottom line..

..Going off last Qty CE1 from 6-months of operations made just over $15mill EBTDA ... I see US Gas Prices continue to head higher .. so with cost savings just maybe that number could head higher ...

Will be some decom costs this Qty plus lower Production av..

Still hoping to see some costs lower and higher Oil sales numbers

...I see the capital return turned up $29k NZD so I paid the credit card off and will pay the bills till the new year..