Articles On Calima Energy (ASX:CE1)

The change from one financial year to the next saw several ASX company directors sell to pay forthcoming tax bills but also purchases as directors betted on the future. Code Company Director Change Date Volume $ What LGL Ly...

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Escrow Watch is Stockhead’s monthly recap of the ASX companies that are releasing shares currently in escrow (also known as restricted securities) over the coming weeks. ASX shares in escrow are “locked away” and not listed on the bourse so...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Calima Energy has successfully drilled three production wells into the oil-rich Sunburst formation in ‘record time’, as it looks to bump up production to 4,500 bpd by year end from its Blackspur oil facilities at its Brooks project in Alber...

The company has elected to hold the Brooks drilling program to four Sunburst wells with three Thorsby wells been prioritised for drilling in the September quarter.

The company is marching ahead with its top-tier Sunburst program which includes Gemini 1, 2, 3 and 4 wells which are being drilled into the existing Sunburst oil pool.

The company is marching ahead with its top-tier Sunburst program in Canada that includes Gemini 1, 2, 3 and 4 wells being drilled into the existing Sunburst oil pool.

Calima Energy has extended drilling into the oil-rich Sunburst Formation at its Brooks project in Alberta. An additional development well has been added to its ongoing schedule as the company looks to ramp up oil production from its Blacksp...

The company is marching ahead with its top-tier Sunburst program which includes Gemini 1, 2, 3 and 4 wells which are being drilled into the existing Sunburst oil pool.

The company is increasing its capex program, with two new wells being added to the FY21 drilling program (excluding the 3 wells drilled by the end of April).

Uranium optimism is growing with governments around the world including nuclear energy in their plans to slash carbon emissions and the US saying outright that achieving its climate goals would not be possible without nuclear plants. Nuclea...

Calima Energy remains on course for a cash windfall from rising production at its Brooks oil and gas project in Canada after reporting 3,100 barrels per day oil-equivalent output in the final week of May compared with 2,800bpd a month earli...

In addition to the three drilling operations (two new wells and 1 re-entry) completed in March 2021, Calima completed additional workovers and well optimisations in April and May, resulting in May exit production of 3,100 barrels of oil equ...

Crude oil prices have strengthened this week with the benchmark Brent oil now tracking above US$70 per barrel after OPEC and its associates expressed optimism about demand for the fossil fuel. Commonwealth Bank quoted Saudi Arabia energy mi...

Calima Energy has cranked out the rig for a three-well campaign into the oil-rich Sunburst Formation at the Brooks project in Canada as it looks to ramp up oil production from its Blackspur oil facilities.

All three wells - Gemini 1, 2 and 3 - are classified as development wells, as they are being drilled into existing Sunburst oil pools, which have been extensively delineated by existing Sunburst wells and 3D seismic.

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Calima’s merger with Blackspur creates a mid-tier, ASX-listed company, with strong cash flow from high return conventional oil assets that have been undercapitalised for several years.

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Auctus has a 3.5 cents per share target price for Calima, reflecting a valuation upside of more than 4x Calima’s current share price of 0.8 cents.

Calima Energy has ramped up oil production at its newly acquired Brooks project in Canada to 2,818 barrels of oil equivalent per day. Six more wells are about to be drilled as the company targets 3,400 barrels of oil equivalent per day in D...

Calima Energy (ASX:CE1) has ramped up daily oil and gas production at its Brooks project in Alberta, Canada, by 14 per cent over its first quarter output. The company noted that three horizontal wells are now producing about 505 barrels of...

Production is ~2,818 boe/d (69% oil), an increase of 14% from Q1 2021 production of ~2,475 boe/d (68% oil) while capital expenditure has been 20% under budget.

Auctus has a 3.5 cents per share target price for Calima, reflecting a valuation upside of about 5X from Calima’s recent share placement price of 0.7 cents.

ShareCafeCalima Energy: ASX’s newest oil and gas producer Calima Energy (ASX: CE1) has re-listed this week post the transformational acquisition of Canadian producer Blackspur Oil. Calima raised to transform the explorer to a high margin ca...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scr...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The company has acquired Blackspur Oil Corp, which owns producing oil and natural gas assets in two core areas within Alberta, Canada.

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

ShareCafeCalima Energy- is this the best way to play the oil price ? Calima has relisted this week (3/5) post the transformational acquisition of Blackspur Oil. The company has moved from an explorer to a high margin cash-generating oil an...

Things just got real for Canada focused oil and gas explorer, Calima Energy. The company has secured A$38 million for the acquisition of private Canadian outfit Blackspur Oil that will see Calima transition into an oil and gas producer over...

Funds raised under the placement will be used to complete the recently announced acquisition of Blackspur Oil Corp.

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

“We are extremely pleased with the exceptionally strong support for our capital raising, which validates the quality of the asset base and importantly the strong cash flows that the assets will generate in a rising energy market,” says CEO.

Power Up is Stockhead’s fortnightly look at all the news and moves driving ASX energy stocks. After a brief foray above the $US65 ($85.60) a barrel mark in March, oil prices have slid back down to hover around the $US60 a barrel level thank...

Blackspur Oil Corporation has drilled three new oil and gas wells at its Brooks project in Alberta, ground which forms part of the assets ASX-listed Calima Energy will control after its merger with Blackspur is completed in late April.

Three weeks after stunning the market with its transformative C$60m deal to become a Canadian oil and gas producer, Calima Energy has received firm commitments to raise A$37m from a range of international investors to help fund its acquisit...

Calima Energy has stunned the market by transforming itself from gas explorer to oil and gas producer overnight. The company has agreed to acquire 100 per cent of private Canadian oil producer, Blackspur Oil for a total net consideration of...

ShareCafeHidden Gems Webinar Recap – PCK, CV1, GLN, CE1 – 26/2/21 Catch up on the full webinar with presentations from Painchek (ASX:PCK), CV Check (ASX:CV1), Galan Lithium (ASX:GLN), Calima Energy (ASX:CE1) Hidden Gems Webinar Recap – PCK...

ShareCafeCalima Energy (ASX:CE1) – Hidden Gems Webinar Presentation   Presenter – Michael Dobovich President – Calima Energy’s principal activity is investing in oil and gas exploration and production projects internationally. Calima Energ...

Calima Energy (ASX:CE1) is poised to become an oil and gas producer through the acquisition of Canada’s Blackspur Oil Corp, ... Read More The post Calima to join the ranks of oil and gas producers appeared first on Stockhead.

Blackspur’s low-cost oil-producing assets will give the company a recurring cash flow stream and exposure to improving oil prices, while the resource base of the Calima Lands in the Montney gives upside to improving oil & gas prices and...

Oil and gas play Calima Energy has snapped up Canadian oil producer Blackspur Oil Corp, and needs a cash injection to fund the deal.

The company continues to push forward on creating a strategy that will see its highly prospective property in the prolific Montney Formation come into production.

Summary Calima Energy Limited (ASX:CE1) actively progressed with the development of its key assets during the last quarter of 2020. The Company foresees strong outlook for natural gas futures, with pricing above C$2/GJ out to December...