Increasing dividend distribution to ~10% yield
• 2Q23 production was 4,152 boe/d, above the estimates provided previously (4,125 boe/d).
• The J2J waterflood programme has added 130 bbl/d production, which we view as very encouraging since rolling out the waterflood programme to the rest of the asset could have a positive impact on recovery factors and reserves.
• The Pisces #8 and #9 wells continue to outperform with production 15% above the type curve. As of the end of July, Pisces #8 and Pisc ....
01 Aug 2023
Calima Energy Ltd (ASX: CE1): Increasing dividend distribution to ~10% yield
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Calima Energy Ltd (ASX: CE1): Increasing dividend distribution to ~10% yield
Increasing dividend distribution to ~10% yield
• 2Q23 production was 4,152 boe/d, above the estimates provided previously (4,125 boe/d).
• The J2J waterflood programme has added 130 bbl/d production, which we view as very encouraging since rolling out the waterflood programme to the rest of the asset could have a positive impact on recovery factors and reserves.
• The Pisces #8 and #9 wells continue to outperform with production 15% above the type curve. As of the end of July, Pisces #8 and Pisc ....