Tommy Lakes Infrastructure Acquisition February 2020 1
ABOUT CALIMA Calima Energy Acreage - CE1 owns and operates 100% interest in 64,475 acres of Montney drilling rights in British Columbia. Calima Energy (CE1) is an ASX listed 2019 Resource Report(1) McDaniel estimates maiden oil and gas…
The Team BOARD & MANAGEMENT The Calima Board and Senior Management Alan Stein - Managing Director Micheal Dobovich Country Manager comprise a highly successful and experienced Geologist 30 years in international E&P Landman 20 years…
Tommy Lakes Strategic Acquisition Purchase of Tommy Lakes pipeline and facilities(1) provides a cost-effective connection to NorthRiver pipeline and processing facilities and from there to major pipeline networks such as NGTL,…
2019 Drilling - Exceeded Expectations Calima 2 & 3 Wells Production Test Results Top quartile performance relative to peer group Maximum gas rate 10.2 mmcf/d After the initial clean out, Calima-2 condensate gas ratio (CGR) had…
July 2019 Independent Resource Update 2019 McDANIEL & ASSOCIATES BEST ESTIMATE GROSS Best estimate gross un-risked prospective UNRISKED CONTINGENT and PROSPECTIVE RESOURCES TOTAL5 resources (2U) of 497.3 Mmboe(1) plus the Natural…
Condensate Drives Economics At current prices condensate would be expected to account for around 50% of production revenue from the Calima Lands. Condensate prices have been recovering through 2019. Condensate is used as a diluent by…
Gas Prices Gas is expected to account for more than 75% of production from the Calima lands on an energy equivalent basis (boe). Canadian producers have been under pressure from low gas prices AECO for several years with spot prices…
Calima Connected To Demand Growth The Tommy Lakes acquisition secures access to all the major growth markets through existing connections to NGTL/AECO, Alliance and T- North/Station 2. New projects and pipelines in western Canada will…
Canada Poised For Recovery Canadian Energy Macro Positive: Previously pipeline-constrained, both oil and gas pricing in Canada ranked 4th in the world Canada have normalized with incremental egress for oil and gas production. out of…
Calima Path Forward Canadian E&P valuations touching 20-year lows and M&A activity also at 20-year lows. Strategy Establish a world class resource base and find optimal way to Pipeline constraints cause Canadian oil and gas to return…
CO N TAC T US Calima Energy Limited 1A /1 Alvan Street, Subiaco WA 6008, Australia Tel: +61 8 6500 3270 CalimaEnergy Fax: +61 8 6500 3275 calima-energy.com infocalimaenergy.com www.calimaenergy.com CalimaEnergy ASX:CE1…