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

Danske Bank Restricts Customer Data Access Following Address Leak

Danske Bank acts after sensitive customer details exposed to payment recipients.Highlights: Danske Bank reveals a data leak of...

Fintech Veteran Launches Primitive AI Agent Operating System

A groundbreaking platform for AI-driven financial services is unveiled.Highlights: Primitive AI, led by a fintech veteran, introduces a...

Visa Launches Validator Node on Tempo Blockchain, Strengthening Payments Infrastructure

New validator node aims to boost transaction efficiency for Visa services.Highlights: Visa launches a new validator node on...

Amex Launches Agentic Commerce Development Kit to Strengthen Merchant Services

New toolkit aims to enhance payment solutions for businesses.Highlights: Amex unveils Agentic Commerce Development Kit for merchants.The toolkit...