Calima Energy Ltd to ride natural gas wave as Montney M&A activity heats up proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Calima Energy Ltd (ASX:CE1) continues to be highly encouraged by progress at its oil and gas assets in western Canada with a resource update completed for.
Calima Energy Ltd's price target lifted to A$0.75 by Auctus Advisors following strong production and financials proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
“Our Montney acreage is a material long-life asset with significant resources and upside in a proven basin that is currently the centre of activity in.
Calima Energy resumes trading after raising A$37.9 million and acquiring oil producer
The company has acquired Blackspur Oil Corp, which owns producing oil and natural gas assets in two core areas within Alberta, Canada. Calima aims to produce an average of 3,000 barrels of oil equivalent per day between May and December 2021.
Calima Energy Ltd (ASX:CE1) has resumed trading on the ASX as a conventional oil and gas producer focused on generating free cash flow from the development of assets in western Canada.
This follows a strongly supported capital raising which raised A$37.9 million and the acquisition of Blackspur Oil Corp.