Calima Energy: Completes 80 pc of drilling at Brooks wells, Canada

Calima Energy Completes 80 pc of drilling at Brooks wells, Canada

  • Calima Energy (CE1) nears completion of its drilling operations for this year at its Brooks asset in Alberta, Canada
  • Drilling of the Sunburst wells, three Gemini wells, and one Glauconitic well, Pisces 6, is complete with the Pisces 7 well in progress
  • Of the completed wells, Gemini 10 has been on production for the past three weeks and according to the company, the rates are meeting its budgeted type curve
  • Meanwhile, Gemini 11 began production today, Gemini 12 is due to begin in a matter of days and the two Pisces wells are scheduled for production testing in late December
  • Shares in CE1 last traded at 13.5 cents at 2:28 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Klarna Stock Tumbles After Disappointing Q4 Results

Klarna reports unexpected losses, impacting stock performance and investor sentiment.Highlights: Klarna's stock falls sharply after reporting unexpected Q4...

FBI Warns of Surge in ATM Jackpotting Attacks

Recent spike in ATM jackpotting poses risks to financial institutions and customers.Highlights: FBI reports increased ATM jackpotting incidents...

Nvidia Considers $30 Million Investment in OpenAI

Potential investment highlights Nvidia's strategic focus on AI innovation.Highlights: Nvidia is considering a $30 million investment in OpenAI.This...

Forbes Fintech 50 Sees 20 Newcomers Strengthening Financial Inclusion

New entrants highlight AI and innovative business models in fintech.Highlights: Forbes Fintech 50 adds 20 new companies to...