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Calima Energy: Shares rise on early Montney flow test results

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Calima Energy Shares rise on early Montney flow test results

  • Calima Energy (CE1) reports “strong” gas flows and liquid yields from early flow tests of its Calima 2 and Calima 3 wells within its Montney project in Canada
  • The company says the initial test results from the wells exceeded its expectations compared to a 2019 testing program
  • The combined peak flow rate of both wells was over 11.5 million cubic feet per day, and CE1 produced more than 3500 bbls of condensate during testing
  • The flow testing is expected to continue for the next three to ten days, after which point the wells will be shut down to gather downhole pressure build-up data
  • Shares in CalimaEnergy are up 3.7 per cent, trading at 14 cents at 2:55 pm AEDT
Rinsu Ann Easo
Rinsu Ann Easo
Diligent Technical Lead with 9 years of experience in software development. Successfully lead project management teams to build technological products. Exposed to software development life cycle including requirement analysis, program design, development and unit testing and application maintenance. Has worked on Java, PHP, PL/SQL, Oracle forms and Reports, Oracle, Bootstrap, structs, jQuery, Ajax, java script, CSS, Microsoft Excel, Microsoft Word, C++, and Microsoft Office.

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