Calima Energy Releases Inaugural ESG Report and Gemini Wells Update
CALIMA ENERGY LIMITED is a company based in Australia, founded in 2005. It takes pride in developing natural gas and oil in the Canadian Basin and being an environmentally responsible energy producer. The company recently released the INAUGURAL ESG REPORT, stating the environmental and social impact of the company’s drilling projects. The major environmental impacts they are focusing on are GHG Emissions, Spill Prevention and Reporting, and Asset Retirement Obligations. Moreover, they are also focussing on Safe Operations, Community and Stakeholders, and Corporate Governance & Policies.
Understanding The Latest Stock News of Calima Energy (ASX: #CE1)
As per the recent TWEETS by CALIMA ENERGY (ASX: #CE1 $CE1), they have begun the initial drilling of a second well for the June session. The project started at Brooks, and the STOCK has shown an 18.75% yearly return. The Calima energy share price was last recorded at AUD 0.19.
About The CEO And Executive Director
JORDAN KEVOL, CEO and President, has recently announced on 15 June 2022:
“The Company is pleased that Gemini #8 has been drilled and with WTI ~US$120/bbl, each well will have a meaningful impact on revenue. The two Thorsby wells are back on production above 550 boe per day after their coil cleanouts.”
In the latest report, he said: “Calima’s operations team has been working in a phenomenal manner, getting horizontal wells drilled, completed, and tied-in in record time.”
GLENN WHIDDON, Executive Director and Executive Chairman, helped the company close a major deal. On 30 April 2021, the headlines read ‘Calima Energy Acquires Blackspur Oil.’
What Is the Sunburst Formation?
As it is known, CALIMA ENERGY is on its way towards its sunburst formation with the Gemini and Pisces wells. Both the wells are horizontal. The company had started its sunburst formation by drilling a series of horizontal wells, and they aimed to achieve and produce about 4,000 BOE P/D for the year-end production. On 15 June 2022, we had some major updates regarding this sunburst formation.
