CE1 20.0% 0.8¢ calima energy limited

leo1-3 were 880 for july from public reporting to alberta...

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    leo1-3 were 880 for july from public reporting to alberta govt...

    production was down a bit from sand, sand cleaned out in Aug, so expect to increase again, as per previous cleanouts

    current guidance for q3-4 is well below 5500, but as per guidance from merger time they may yet reach 5500 by Dec 22, depending on q4 drills

    why didnt they reach 5500 as per late '21 guidance...
    because of sand problems in the sparky wells...they wanted to test approaches to stop the sand and cost of cleanouts...which they have now done and confident again to progress multiple sparkys

    reserves report describes x3 100% WI thorsby wells in '22, which if they repeated leo1-3 would add about ~1400 boepd rate

    expect an update on q4 drilling soon


 
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