Videos

Mark Freeman, chief financial officer for Calima Energy, will be presenting at the Proactive Oil & Gas webinar.

Calima Energy will be one of three companies presenting, which also includes 3D Oil and Carnarvon Petroleum. Attached is a copy of the presentation.

Calima is a public company listed on the ASX (ASX:CE1). The principal activity of Calima is investing in oil and gas exploration and production projects internationally.

Calima’s core asset is the Tommy Lakes facility (replacement value of $85m) and the Calima Lands contingent resource of 1.176 TCFE (1) / 1,247 Pentajoules gas equivalent that lie within a liquids-rich sweet-spot of the Montney Formation in Northeast British Columbia, Canada. The Calima Lands are development ready, with pipeline capacity of up to 50 mmcf/d and 2,500bbl/d and owns 100% interest in more than 60,000 acres. The Montney is one of the top ranked resource plays in North America.

After drilling three wells early in 2019 which successfully flowed gas and light oil are rates which compare favorably to established Operators nearby the Company is now focused on plans to put in place all the building blocks of a Field Development Plan to bring the acreage into production.

The Company at the end of April had a market cap of A$12m with net working capital of $3.6m. Running costs of the company are below A$158,000 per month which enables the Company to run for the next 18-24 months without the need for additional capital.

Chief Executive Officer, Mark Freeman was featured as part of Mines and Money Online Connect. For more information go to: https://hubs.ly/H0rRhxw0

Calima Energy (ASX: CE1) President Micheal Dobovich joined Steve Darling from Proactive to share more details about their recent acquisition of the Tommy Lakes infrastructure.

Dobovich telling Proactive how this can speed up the company's timeline for getting into production. Dobovich also shared his thoughts on the LNG industry in Canada and what he is seeing.

Calima-2 & Calima-3 flaring simultaneously at Calima Energy's NE BC Montney Project

Calima-2 flows gas and light oil at Calima Energy's NE BC Montney project

Calima Energy is embarking on its maiden drilling campaign. Visit www.calimaenergy.com for more details.

Calima has begun its 2019 Winter drilling campaign.