DISCLAIMER This presentation has been prepared by Calima Energy Limited (Company), based This presentation is presented for informational purposes only. It is not intended on information available as at the date of this presentation. The…
2 INTRODUCTION TO CALIMA Capital Structure Ordinary Shares 1,444 M Management Perf. Equity(1) 55.5 M Market Capitalisation(2) 67 M Cash & Securities (no debt)(3) 21.4 M Montney Shareholders Calima owns 72,000 acres of…
THE MONTNEY C5.0 Billion invested in 2018 predicted to increase to C7.5 Billion by 2022(1) - The most active oil & gas play in Canada. 7 Billion cf/d of gas production a 24% increase over the last 12 3 months(2). MONTNEY 250,000…
CALIMA LANDS Calima owns 72,000 acres of drilling rights in northeast British Columbia - The Calima Lands. McDaniel & Associates (1) confirms that the Calima Lands should be rich in condensate and that the adjacent land being…
SAGUARO RESOURCES THE ANALOGUE Individual Well IRRs (%) Saguaro Saguaro has become one of the leading Montney producers. 114,000 acres of drilling and production rights along the same geological trend as Calima Lands. C600 mm…
LAND POSITION & DRILLING PROGRAMME Pocketknife NW Tommy Lakes Field Pipeline infrastructure with excess capacity To Jedney Central 3 wells Dec. 2018 ACCESS ROAD Pocketknife SE MAJOR PIPELINE MINOR PIPELINE…
THREE WELL DRILLING PROGRAMME Horizontal NW Upper Horizontal SE Upper Core Interval Calima-3 Calima-2 Calima-1 Vertical well used for stratigraphic calibration, collection of wireline logs and core collection. Core…
PROGRESS REPORT March 3rd, 2019 B 8 9 6 D 7 8 9 A Milestone Announcements C 1 Spudding of the vertical well 2 Finish drilling vertical well 3 Preliminary log and core analysis 4 Finish drilling of 1st horizontal…
9 SCORECARD SO FAR The drilling campaign is designed to demonstrate that the prospectivity encountered by Saguaro extends into the Calima Lands. Saguaro are a top quartile Montney producer based on IRR per well. Log and core data…
10 MONTNEY GAS IS CURRENTLY SOLD INTO NORTH AMERICA Montney gas is sold into North American markets. Production has outgrown pipeline capacity. Montney gas is priced at a steep discount to Henry Hub gas prices in the US. Operators…
11 IMPROVING LNG OUTLOOK Supply Gap No investment to fill gap Widening supply demand gap opens up Shortage of new LNG projects sanctioned in around the 2024 start up date for LNG Canada. recent years creates the supply…
12 CANADIAN LNG WELL PLACED TO CAPTURE MARKETS Unit cost of global LNG projects With an estimated unit cost 50% lower Canadian LNG than comparable Australian projects, costs less than Australian LNG more than 1,000 tcf of gas…
13 LNG CANADA C40 billion to be invested by LNG Canada, a consortium operated by Shell, in an LNG terminal at Kitimat on the west coast of Canada. Biggest ever infrastructure project in Canada. 13 mtpa (approx. 1.7 bcf/d) start-up…
14 CALIMA CLOSE TO LNG INFRASTRUCTURE T-North North Montney Mainline Kitimat LNG LNG Canada Woodfibre LNG To Jordan Cove LNG, Orgeon LNG Canada: Acquisitions needed Calima is well positioned relative to…
LNG - IMPACT ON QUEENSLAND RESOURCE VALUATIONS Queensland CBM Price Performance Introduction of LNG into Queensland had a major impact on the valuation of resources. Consolidation of CBM players began in mid-2005. Major…
Drilling and completion work is on schedule and within budget. Results to date have met or exceeded expectations. Testing starts in the next ten days. Un-risked prospective resource(1) 475 mmboe. 72,000 net acres of drilling…
Contact us: Calima Energy Limited twitter.com/CalimaEnergy 1A /1 Alvan Street, Subiaco WA 6008, Australia linkedin.com/company/calima-energy.com Tel: +61 8 6500 3270 Fax: +61 8 6500 3275 facebook.com/CalimaEnergy infocalimaenergy.com…
18 APPENDIX 1 - SAGUARO RESOURCES THE ANALOGUE In July 2017, McDaniel & Associates Consultants Caribou B002-E well (in Calima lands) Laprise C081-G well (in Saguaro lands) Limited (McDaniel) provided a geological audit and review of…
19 APPENDIX 1 - SAGUARO RESOURCES THE ANALOGUE Upper Montney Well ID Top Pay Porosity Water Gradient Temperature Pressure Compressibility Illustrative Gas in Place (m) (m) (%) Saturation (%) (kPa/metre) (Celsius) (kPa) (Z-factor)…
APPENDIX 2 - RESOURCE AUDIT BY MCDANIEL & ASSOCIATES (1) McDaniel estimates based on 400 locations using 70% of available drainage Calima Lands 100% area. Assumes a two layer development of Upper and Lower Montney whereas Natural…
APPENDIX 3 - CALIMA BOARD & MANAGEMENT Alan Stein Jonathan Taylor Managing Director Technical Director Dr Stein has more than 25 years experience in the international oil Mr Taylor has more than 25 years experience in the international…
APPENDIX 3 - CALIMA BOARD & MANAGEMENT Mike Dobovich Justin Norris Country Manager (Canada) Montney Sub-Surface Project Leader Mr Norris is a geophysicist with over 20 years of experience in the Mr Dobovich has over 20 years of…
APPENDIX 4 HAVOC PARTNERS In May 2017 the five founding partners of Havoc Partners LLP (Havoc) all joined the management team of the Company. Alan Stein and Jonathan Taylor joined the Board as Managing Director and Technical Director…
APPENDIX 5 - CALIMAS PATH INTO THE MONTNEY 2011 2013 2013 - Two Australian companies (TSV and TMK) formed a 60/40 joint venture to use a proprietary geoscience workflow to identify liquids rich zones within the emerging wet gas play…
APPENDIX 6 PORTFOLIO ASSETS As part of the transaction announced on May 1st 2017 Calima acquired certain other assets from Havoc Partners LLP. Bahari Holding Company Limited (10% shareholding) Bahari has exploration interests…