Calima Energy: Completes Pisces #3 drilling

Calima Energy Completes Pisces #3 drilling

• Calima Energy’s (CE1) Pisces #3 Glauconitic well at its Brooks site in Canada reaches total depth and the rig has been released
• The Pisces #3 Glauconitic well was spudded on January 2, 2022, and was released on January 8 after it was drilled to a depth of 2600 metres
• The glauconitic wells are expected to have an estimated ultimate recovery (EUR) per well of 170 to 400 million barrels of oil equivalent
• The glauconitic wells are expected to have an estimated ultimate recovery (EUR) per well of 170 to 400M barrels of oil equivalent
• Calima is up 4.55 per cent on the market with shares trading at 23 cents each