21 Sep 2021
Calima Energy Ltd (ASX: CE1): Good production performance
• Production in August was 3,493 boe/d, up 200 boe/d compared to July as all the new wells at Brooks now contribute to production, more than offsetting natural decline.
• Financials for August are broadly in line with our expectations.
• The three new Thorsby wells drilled in August and September could be on stream for November with an individual IP rate of ~270 460 boe/d. This suggests that Calima is well on track to meet its production guidance of 4.5 mboe/d by YE21.
• With high commodity pric ....
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Calima Energy Ltd (ASX: CE1): Good production performance
• Production in August was 3,493 boe/d, up 200 boe/d compared to July as all the new wells at Brooks now contribute to production, more than offsetting natural decline.
• Financials for August are broadly in line with our expectations.
• The three new Thorsby wells drilled in August and September could be on stream for November with an individual IP rate of ~270 460 boe/d. This suggests that Calima is well on track to meet its production guidance of 4.5 mboe/d by YE21.
• With high commodity pric ....