Calima announcement of 16 September 2021:(Calima or Company) has...

Calima announcement of 16 September 2021:
(Calima or Company) has initiated a process to identify, examine
and consider potential alternatives related to its Montney assets in NEBC with a view to value
maximization. Such potential alternatives may include, but are not limited to, an asset sale, joint venture,
asset exchange, or other potential transactions.
Peters & Co. Limited has been retained by Calima to assist in this review of alternatives for the Montney
assets.
Contiguous Montney land position of more than 60,000 acres in NEBC
o Development ready prospective resources of 1.68 Tcfg and 84 Mmbbl
o Owned infrastructure connected to sales market, Tommy Lakes Facilities, designed for
50Mmcfd and 2,500 bod, with replacement cost of $85 million plus.
The above assets have an in-situ value- at current prices -of US$8.4bn+US$8.5bn+ A$85m
Given the upward march of oil, gas, condensate and NGLs since the granting of the Peters&Co mandate and with it the realpolitik implications of a new emerging European market for Canadian LNG I suggest that the proverbial drover's dog could have found a buyer for Calima's Montney acreage. Calima shareholders deserve a full appraisal of the failed sale process.
Calima shareholders deserve to know more about the company's strategy to realise value from the 30,000 acres for which drilling rights expire in November 2022.
Calima shareholders deserve to know the company's preferred options to realise value from the 32000 acres for which drilling rights expire on 2029.
And Calima shareholders deserve to know what fees were paid to Peters &Co which firm has delivered nothing.