CE1 - Calima Energy

[frugal.rock]

They are currently drilling 3 wells from the same pad on proven resources , straight after each other.
Nearly finished the first one I believe?
See announcements for details and my memory may be dodgy..

 

[dafacts]

Share price is way up to $0.26 post 20:1 roll back stock actual price before consolidation is $0.02

 

[frugal.rock]

25 October 2021
Dividend and ESG Strategy

- Based on current commodity price forecasts and expectations with respect to operational and
financial performance, Calima expects to be in a position to distribute up to 30% of free cash flow to shareholders from 2022.

- Calima would redeploy the remaining funds to support organic growth through development of Calima’s 2P reserves of 21.4 Mmboe and 64 booked1 drilling locations
(approximately 23% of identified drilling inventory).

- Board and management are focused on delivering consistent long term returns to shareholders through financial discipline and ensuring strong environmental stewardship


Have taken a small position today on the 0.245 level.
Mildly bullish oil.

By memory, they had forecast to be @debtfree by the end of the year, based off $70 per barrel.

Oil has been generally well over 70 since they made that announcement, which could see them clear before the end of the year.

I believe future earnings calcs were attractive with a SP to catch up. Info in a previous post, I think?

 

[Dona Ferentes]

Share cafe is pumping furiously. Lots of encouraging stories.

(Do not hold. Will not hold)

they're still at it. In-house research has a price target of 71c !!

Oil Price Rise Drives Increased Price Target for Calima Energy - Sharecafe

Corporate Connect analyst Lara Smith has released an updated research report on Australian exploration and production company Calima Energy (ASX: CE1), increasing the 12-month price target to $0.71 per share.

www.sharecafe.com.au

(DN/WNH)

 

[raimop]

I have picked CE1 in the competition because it is producing oil in Canada and plans to drill more wells in 2022

 

[frugal.rock]

25 October 2021
Dividend and ESG Strategy

- Based on current commodity price forecasts and expectations with respect to operational and
financial performance, Calima expects to be in a position to distribute up to 30% of free cash flow to shareholders from 2022.

- Calima would redeploy the remaining funds to support organic growth through development of Calima’s 2P reserves of 21.4 Mmboe and 64 booked1 drilling locations
(approximately 23% of identified drilling inventory).

- Board and management are focused on delivering consistent long term returns to shareholders through financial discipline and ensuring strong environmental stewardship


Have taken a small position today on the 0.245 level.
Mildly bullish oil.

By memory, they had forecast to be @debtfree by the end of the year, based off $70 per barrel.

Oil has been generally well over 70 since they made that announcement, which could see them clear before the end of the year.

I believe future earnings calcs were attractive with a SP to catch up. Info in a previous post, I think?

View attachment 132214

I think the POO will stay strong in 2022.
Set for a maiden dividend and cash positive 2022.

 

[frugal.rock]

Posted CE1 in potential BO thread this morning.

Has turned into the biggest volume day for a year.
Can just see the bigger volume around a year ago.
If they can pluck a good announcement rabbit out of the hat soon, could see some further and more vigorous action.

Price and volume progressing well so far.

They are a bit behind with where they wanted to be progress wise, but nearly all companies are...
I believe there are some flow testing rates on recent drillings due soon. (I should take notes when doing FA as my memory is starting to resemble a colander bene)

If POO follows seasonal trends, peak is around September/ October.

 

[System]

On December 18th, 2024, Calima Energy Limited (CE1) was removed from the ASX's Official List, under Listing Rule 17.11 at the request of CE1, after security holders resolved to remove CE1 from the Official List.

 

[frugal.rock]

Another disappointing stonk.
Thought it showed some promise way back then, but it amounted to zilch.