Morgans – Analyst Report

Ahead of Calima’s 2018/19 northern winter drilling campaign, Morgans have released a research note with an indicative valuation on Calima in the range of A$0.09-$0.30ps, based on a range of transaction multiples applied to its Montney acreage.

Euroz Securitites Limited – Analyst Report

Having completed a $25m capital raising, Calima is now advancing toward drilling and appraisal of its Montney Project. The funds will allow Calima to execute the 3 well proof of concept drilling program, effectively serving to validate acreage quality.

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