KEY ACTIVITIES AND HIGHLIGHTS
- A$3.3 million cash as of 30 June 2020.
- McDaniel & Associates have provided an updated independent resource assessment upgrading gross un-risked Contingent Resources – Development Pending of 248.9 BFCG and 12.4 MMBO; as shown in the table below
- The acquisition of the Tommy Lakes Facilities closed 15 April 2020.
- Kelt Exploration sells 139,962 acres of Montney acres to ConnocoPhillips for C$510 million, valuating the undeveloped acreage at C$1,400-$2,000 per acre
- Appointment of M Freeman as Company Secretary
|Contingent Resource (2C)|
|Dev on hold||Dev Pending||Total Contingent|
|Natural Gas (MMCF)||1,680,391||639,208||248,904||888,113|
|Total Liquids (MBBL)||84,036||31,947||12,468||44,415|
CAPITAL STRUCTURE AND FINANCIAL SNAPSHOT
|ASX Code||CE1||Cash @ 30/6||A$3.3 million|
|Share Price||0.4 cent||Net Rec/(creditors)||A$0.42 million|
|Shares||2,155,572,225||Working Capital||A$3.05 million|
|Market Cap||$8.6 million||Producing wells||1|
|Quarterly Rev||$28,000||Avg daily Production||33 BOD|