AUCTUS PUBLICATIONS Calima Energy (CE1 CN) C; Target of A$0.035: Strong well performance supports our view that reserves are too conservative - Three wells (2 new wells and 1 re-entry), are currently producing a combined ~505 boe/d (80% oil weighted) on an IP30 basis, demonstrating the top tier economics of open hole Sunburst wells. The well performance so far exceeds by 28% what the company had budgeted. The cost of the wells was 20% under budget (total of C2.2 mm). Current production is ~ 2,81 ....