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12.5% 0.9¢ calima energy limited

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  1. retorn123
    1,577 Posts.
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    14/11/22
    18:50
    Post #: 64765579
    when Vermillion acquired half of Leucrotta with a planned 25k boepd montney project for c$477m in May, they left Leucrotta with the other half of land and almost no production and pipes

    Leucrotta rolled the remainder into Coelacanth and relisted on the TSXV (V = venture exchange for early stage companies) with a planned 25k boepd project to startup and c$80m cash
    current Coelacanth market cap c$380m=a$425m

    I wonder if ce1 montney would list on TSXV with a jv farmin?
    Last edited by retorn123: 14/11/22
    CE1 Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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