Calima owns 60,000 acres of drilling rights in the Montney Formation, a major source of natural gas and oil covering some 130,000 square kilometres in.
“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.
For the Canada-focused conventional oil and gas developer Calima Energy (ASX:CE1), the tough industry conditions following last year’s oil price collapse posed a glass-half full opportunity to expand its presence in the country’s tier one, environmentally-friendly hydrocarbon provinces.
Calima chairman Glenn Whiddon says while fossil fuels have taken a back seat to renewables, Canada has led the world by imposing a price on carbon. The industry itself also abides by the strictest ESG (environmental, social and governance) standards.
“If you are going to invest in oil and gas in a cycle where people want to invest in renewables, you can invest in low emission oil and gas assets which are making a difference,” he says.
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.
ARLINGTON, Texas -
The National Bowling Association is built on a foundation of education, empowerment and celebrating success and togetherness, all in an environment that makes every event and meeting feel like a family reunion.
Sadly, though, when the tournaments and get togethers resume for TNBA members later in 2021, after a long run of uncertainty and cancellations, the return to some sort of normalcy will be bittersweet, as there will be a few familiar faces missing from the long-awaited hugs and handshakes.
Like so many families across the globe, the TNBA membership could not avoid the unwelcomed reach of the COVID-19 pandemic, which affected thousands of members at every level of the organization and claimed the lives of more than a dozen dedicated bowlers who have served TNBA at the national level or were very active in the annual national convention.