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CE1 – Calima Energy Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 0.4

Low: 0.4

High: 0.4

Total Analysts: 2

Company Profile

Calima Energy Limited is an Australia-based production-focused energy company. The Company is engaged in the exploration and development of oil and natural gas assets in the Western Canadian Sedimentary Basin. The Company is developing oil plays at Brooks and Thorsby in southern and central Alberta, Canada. It also holds an undeveloped Montney acreage position in northeastern British Columbia, Canada. The Montney Formation is located in the Western Canadian Sedimentary Basin extending approximately 130,000 square kilometers (km2) from north-east British Columbia to north-west Alberta. The Thorsby asset consists of a land position of approximately 62,000 acres, primarily targeting the Sparky Formation. The Company’s Brooks assets consist of a land position of approximately 40,000 acres, primarily targeting the Sunburst and Glauconitic formations. The Company’s subsidiaries include Blackspur Oil Corp. and Calima Energy Inc.

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