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ASX:CE1

Calima Energy Ltd

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Market:
ASX
Price
0.13 AUD
Day Change
2.04%
Market Cap:
$78.22 m
52 weeks high
0.13
52 weeks low
0.06

In brief

Calima Energy Ltd’s (ASX:CE1) business strategy is counter-cyclical, designed to take advantage of momentum returning to the oil and gas sector after the savage downturn in global oil and gas prices that started in 2014.

The company’s core asset lies within a liquids-rich sweet-spot of the Monetary Formation in northeast British Columbia where it has been able to covert around 60% of its total 63,000 acres holding to 10-year lease through a successful exploratory drilling program.

Calima has also merged with Blackspur Oil Corp, a privately held Canadian company with oil and natural gas assets in two core areas within Alberta - at Brooks and Thorsby.