Calima Energy: Expands Brooks area

August 3, 2022

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Calima Energy Expands Brooks area

Calima Energy (CE1) acquires additional land around its Brooks operations in Alberta, Canada
The company executes a mineral leasing deal, which will expand its operations by 33,000 acres to over 69,000 acres
The agreement includes an option on any unleased shallow gas rights within the corridor of the newly leased oil rights
In addition, Calima will have access to an extensive 3D seismic database
Shares are trading 7.69 per cent higher today at 14 cents each at 3:39 pm AEST