viewCalima Energy Ltd

Proactive Energy Webinar attracts strong response investors

The event featured Calima Energy, Peninsula Energy and Brookside Energy and was live-streamed on the Proactive Youtube channel.

Calima Energy Ltd -
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’s Energy Webinar this week saw more than 450 investors tune in with three companies – Calima Energy Ltd (ASX:CE1), Brookside Energy Ltd (ASX:BRK) and Peninsula Energy Ltd (ASX:PEN) (OTCMKTS:PENMF) - shining the light on their oil & gas and uranium portfolios.

The webinar, which was live-streamed on the Proactive channel can be viewed by clicking here.

The Calima Energy presentation starts at 1:10, Peninsula Energy at 17:15 and Brookside Energy at 36:25.

Liquids-rich sweet-spot in Canada

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

The company 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 discussed 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

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.

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 & gas flows increasing

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

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.

Quick facts: Calima Energy Ltd

Price: 0.01 AUD

Market: ASX
Market Cap: $22.07 m

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on 21/11/20

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