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Proactive Energy Webinar on Wednesday to showcase emerging oil, gas and uranium players

The event will feature Calima Energy, Peninsula Energy and Brookside Energy and will be live-streamed on the Proactive Youtube channel.

Calima Energy Ltd - Proactive Energy Webinar on Wednesday to showcase emerging oil, gas and uranium players
Last week, oil prices settled above US$50 a barrel for the first time since early March following the release of COVID-19 vaccines.

Proactive will shine the spotlight on a number of energy companies holding oil, gas and uranium portfolios at the Proactive Energy Webinar on Wednesday, December 16.

The event, which will feature Calima Energy Ltd (ASX:CE1) (FRA:R1Y), Peninsula Energy Ltd (ASX:PEN) (OTCMKTS:PENMF) (FRA:P1M) and Brookside Energy Ltd (ASX:BRK), will be live-streamed on the Proactive Youtube channel.

To register, use this link: https://event.webinarjam.com/register/33/m2mk5s7g

Liquids-rich sweet-spot in Canada

Calima Energy chairman Glenn Whiddon will present on the company’s core asset lying within a liquids-rich sweet-spot of the Montney Formation in British Columbia (BC), Canada.

Calima Energy chairman Glenn Whiddon.

Whiddon will focus on the preliminary findings from an in-depth industry study of three wells drilled by Calima in 2019 confirming that the liquids-rich Montney fairway extends further north than previously thought.

The company currently operates more than 60,000 acres of drilling rights in the Calima Lands in BC.

Calima previously reported on maiden oil and gas flow rates of its 2019 winter Montney drilling campaign confirming increased condensate-gas-ratio on Calima-2, which led to an overall significant increase in reserves on the Calima Lands.

Uranium prices near five year high

Peninsula Energy managing director Wayne Heili will discuss the positive trends in the uranium market as the company remains well-funded for future activities with an established uranium contract book generating long-term revenue.

Peninsula Energy managing director Wayne Heili.

The company recently entered into a binding purchase agreement with UG USA, a subsidiary of ORANO, for 400,000 pounds of uranium oxide for delivery in 2021.

The latest purchase agreement underpins Peninsula’s forecast net cash margin of US$6 million to US$8 million on uranium sales for next year, based on the difference between the purchase pricing and the sales price computations of the company’s agreements with customers.

Uranium prices have recently risen to their highest point in nearly five years after a bill to create a national US uranium reserve was passed by the US Senate.

Brookside oil and gas flows increasing

Brookside Energy Ltd (ASX:BRK) managing director David Prentice will outline the company’s plans focused on developing oil and gas plays in the world-class Anadarko Basin in Oklahoma, US.

Brookside managing director David Prentice.

The company and its JV partner Stonehorse Energy Ltd (ASX:SHE) recently completed a successful workover of the Mitchell 12-1 Well which provides the Orion Joint Venture with another cashflow stream within the southern part of the SCOOP Play in Anadarko Basin.

Mitchell 12-1 Well is already cash flowing and rates of both oil and gas are expected to increase steadily as formation fluid levels are lowered.

Event details

When: Wednesday, December 16

Time: 12 noon Sydney (AEST)/9 am Perth (WA time)

Register here to attend

Questions for the speakers can be submitted before and during the presentations by email to John Phillips - john.phillips@proactiveinvestors.com - or by text to 0431 597 771.

Quick facts: Calima Energy Ltd

Price: 0.01 AUD

Market: ASX
Market Cap: $22.07 m

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