- Calima Energy (CE1) is an oil and gas company focused on growth, cash flow and ESG practices
- The company took in record gross revenue of A$37 million in Q2 2022, up 20 per cent from Q1
- It also recently added ~33,000 highly prospective acres to its Brooks operation in Alberta
- CEO Jordan Kevol sat down with Daniella Atkinson to discuss the company’s latest financial results and its future outlook
- Calima is an oil and gas producer and explorer with assets in Alberta and B.C.
- Calima Energy (CE1) is unchanged trading at A$0.14 per share
Calima Energy (CE1) is an oil and gas company focused on growth, cash flow and ESG practices.
The company took in record gross revenue of A$37 million in Q2 2022, up 20 per cent from the prior quarter, with net cash inflows of A$3.7 million.
It also recently added ~33,000 highly prospective acres to its Brooks operation in Alberta, bringing the area to a total of 69,000 net acres. The leasing agreement involves an option on any unleased shallow gas rights within the new land and offers the company access to an extensive 3D seismic database.
Calima plans to drill 21 horizontal wells in the area over the next three years. Its target reservoirs contain ~2 per cent CO2 with multi-well pad drilling, further reducing the environmental impact.
The company is forecasting average production of 4,150 boe/d in Q3. It continues to bring new wells online to capitalize on high oil and gas prices and create long-term shareholder value.
It is in ongoing discussions with parties in Canada, Australia, and the U.K. to monetize its Montney gas asset in B.C.
CEO Jordan Kevol sat down with Daniella Atkinson to discuss the company’s recent performance and its plans for the future.
Calima is an oil and gas producer and explorer with assets in Alberta and B.C.
Calima Energy (CE1) is unchanged trading at A$0.14 per share as of 10:37 am EST.
