Calima Energy Ord Shs CLMEF

Energy Oil & Gas E&P

Calima Energy Limited is an Australia-based production-focused energy company. The Company is engaged in the exploration and development of oil and natural gas assets in the Western Canadian Sedimentary Basin. The Company is developing oil plays at Brooks and Thorsby in southern and central Alberta, Canada. It also holds an undeveloped Montney acreage position in northeastern British Columbia, Canada. The Company’s assets include Brooks Sunburst & Glauconitic, Thorsby Sparky, and Tommy Lakes Montney. The Company’s Brooks assets consist of a core land position of 69,000 net acres which includes 32,000 acres primarily targeting the Sunburst and Glauconitic formations. The Thorsby asset consists of a core land position of 48,000 net acres primarily targeting the Sparky Formation. The Company owns 100% of 34,000 acres of Montney rights (Calima Lands) in northeast British Columbia (NEBC), as well as the owned-Tommy Lakes Field facilities.

OTCPK:CLMEF - Post by User

Calima Energy Ord Shs

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Post by 66crow66on Jan 09, 2024 11:41am

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Post# 35817458

Blackspur Sale

Shareholders should hold out for 100% of the proceeds of the Blackspur asset sale. The 15% hold-back management is proposing just ensures they have a nice salary/severance until they bleed the company dry.

Management's performance has been abysmal - bought Blackspur for A$0.085 near the bottom of the recent oil cycle in 2021 and has essentially done little to enhance the companies value...procuction has been flat and the current value - A$0.135 is the result of the oil price escalation since 2021.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle