10 Jun 2021
Calima Energy Ltd (ASX: CE1): Increasing investment and production outlook
• Production at the end of May was 3,100 boe/d with a further eight wells expected on stream by YE21. This level of production is above forecast and reflects the strong performance of the drilling at Brooks.
• Calima is increasing its capex programme from C$17 mm to C$20 mm with two new wells being added to the FY21 drilling programme (excluding the 3 wells drilled by the end of April). In addition, the length and hydraulic fracturing (”frac”) intensity (stage count and proppant) for the three T ....
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Calima Energy Ltd (ASX: CE1): Increasing investment and production outlook
• Production at the end of May was 3,100 boe/d with a further eight wells expected on stream by YE21. This level of production is above forecast and reflects the strong performance of the drilling at Brooks.
• Calima is increasing its capex programme from C$17 mm to C$20 mm with two new wells being added to the FY21 drilling programme (excluding the 3 wells drilled by the end of April). In addition, the length and hydraulic fracturing (”frac”) intensity (stage count and proppant) for the three T ....