31 Jan 2023
Calima Energy Ltd (ASX: CE1): High production guidance in 1Q23
• 1Q23 production is expected to be 4,378 boe/d. This is above our forecast of ~4,100 boe/d and reflects the very strong performance of the new wells (3xGemini + 2xPisces). On 10 January, Calima had reported production of 4,500 boe/d but we had estimated a steep decline over the quarter. Current production is above 4,700 boe/d.
• 4Q22 production of 3,727 boe/d including 1,132 boe/d at Thorsby and 2,595 boe/d at Brooks was below our expectations of 3,970 boe/d. Brooks production was impacted by t ....
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Calima Energy Ltd (ASX: CE1): High production guidance in 1Q23
• 1Q23 production is expected to be 4,378 boe/d. This is above our forecast of ~4,100 boe/d and reflects the very strong performance of the new wells (3xGemini + 2xPisces). On 10 January, Calima had reported production of 4,500 boe/d but we had estimated a steep decline over the quarter. Current production is above 4,700 boe/d.
• 4Q22 production of 3,727 boe/d including 1,132 boe/d at Thorsby and 2,595 boe/d at Brooks was below our expectations of 3,970 boe/d. Brooks production was impacted by t ....