• Four wells out of the five well 4Q22 programme have now been drilled with two wells already in production. Gemini#10 is producing in line with the type curve (IP of 120 boe/d gross and 60 boe/d net to Calima 50% WI). Gemini #11 was put into production on 24 November while Gemini#12 will be brought into production over the weekend. Overall these three wells should add a total 360 boe/d gross imminently.
• The Pisces #6 and #7 will be fracture stimulated in early December. The impact of the asso ....
25 Nov 2022
Calima Energy Ltd (ASX: CE1): Market cap paid back in 2 years, even after incorporating higher differentials
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Calima Energy Ltd (ASX: CE1): Market cap paid back in 2 years, even after incorporating higher differentials
• Four wells out of the five well 4Q22 programme have now been drilled with two wells already in production. Gemini#10 is producing in line with the type curve (IP of 120 boe/d gross and 60 boe/d net to Calima 50% WI). Gemini #11 was put into production on 24 November while Gemini#12 will be brought into production over the weekend. Overall these three wells should add a total 360 boe/d gross imminently.
• The Pisces #6 and #7 will be fracture stimulated in early December. The impact of the asso ....