Calima Energy O&G producer with high-return assets in Western CanadaCalima Energy sees nmajor oil &gas potential in Canada’s Montney FormationCalima shifts gear in Alberta oil production drive

Calima concludes drilling of Gemini #4 well, what’s nextCalima completes drilling of Gemini #4 well with production expected by end of JulyCalima Energy progresses Sunburst drilling in Canada with aim to achieve year-end production guidance of 4,500 boep/d

About Calima Energy Limtied

Calima Energy Limited is a publicly listed mid-tier oil and gas producer in Western Canada. They have three major operations within British Columbia and Alberta, namely Montney, Brooks and Thorsby. Calima is focused on high growth exploration and production and has assembled an exciting and growing inventory of drilling locations across a sizeable land base.

Calima is continuing development drilling to achieve 3,000 boe/d on the Brooks and Thorsby assets and is commencing a 24 well development drill program over the next 18 months. By Year End 2022, Calima plans on growing to 5,500 boe/d.

Calima has invested in regenerative, proprietary H2S removal technology and has positioned itself with the ability to lower its CO2 emission rates to offer a number of positive economic and environmental benefits.

Calima’s assets are low cost and a break even cost of ~US$26/bbl WTI including $10bbl operating and transport costs.

Overall, Calima’s current assets and vision position the company well to continue to grow and take advantage of the improving oil prices.

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