CE1 0.00% 0.9¢ calima energy limited

the jv and then merger of pipestone and blackbird is an...

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    the jv and then merger of pipestone and blackbird is an interesting comparison for ce1 montney

    when the pipestone project commenced in early 2019, they had 221MMboe 2C resource (some were 1P and 2P)
    ce1 currently has 195.6MMboe 2C resource

    so with talk of a partner and first ce1 gas in 2025 from a 20-50kboepd project
    here's a summary of pipestone project development since 2019 start...below
    pipestone now produce ~30kboepd with debt of c$180m and a market cap and of ~c$1.2B, for enterprise value >a$1.6B


    https://hotcopper.com.au/data/attachments/4851/4851250-8484e900b471e65c3b32cc1822cef695.jpg

 
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