CE1 12.5% 0.9¢ calima energy limited

Yes, agree. Better still, provide an update on the two failed...

  1. 4 Posts.
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    Yes, agree. Better still, provide an update on the two failed (downhole sands) wells. I think these were Leo 1 and Leo 2. I believe in the recent webinar, this was sighted by management as the main reason for missing the 5,500 b/d forecast. From memory, Leo 4 is into the same thorsby Sparky seam, so i wouldnt be surprised if its also becomes a stuff up. i would be surprised if they've worked out what caused the downhole sands issue and looped that back (whether in reservoir understanding / design, drilling, completion or early operation) before executing Leo 4.

    i would like to see un update on how/if these wells can be returned to full production. in my opinion, company updates tend to focus on future plans and don't provide enough information on actual performance against what the previously said they were going to achieve.

    all in my opinion only. DYOR.
 
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