CALIMA ENERGY LIMITED (CE1)

The company releases a notification of cessation of securities.

The company has closed the first stage of the equal access buybacks with oversubscriptions received. A total of 46,909,296 shares will be bought back at $0.0083373 each and cancelled under the First Buy-Back. The shares bought back under the First Buy-back will cost Calima approximately A$391,097. The Company received applications under the First Buy-Back of 88,836,682 Shares. Oversubscription applicants will be contacted to participate under the second buy-back, which is subject to shareholder approval on 14th October 2024. Payment of the proceeds will be dispatched to participating shareholders on or around 7th October 2024 to the bank account registered with the share registry or otherwise by cheque.

The first equal access share buy-back of up to 46,909,296 Shares closes this Friday, 20th September 2024. Any shareholders wishing to participate and who have misplaced their forms should contact the Company Secretary on +61 8 6500 3270 to organise for replacement forms. The purpose of the Buy-Back is to provide Shareholders with the opportunity to sell their Shares, if they wish, prior to the Company delisting, which is subject to shareholder approval at the upcoming general meeting on 16th October 2024. The Company offered the Buy-Back to Eligible Shareholders to facilitate the sale of their shares without incurring any brokerage or handling costs at a price of $0.0083373, being the simple average of the closing price of the Company's shares for the previous ten trading days in which trades in the Company's shares were recorded.

The company lodges its Half Year 2024 report.

The Company has made a formal application to the ASX to be removed from the official list of the ASX, following receipt of in-principle advice from ASX that it would be likely to agree to remove the Company from the Official List on a date to be determined by ASX in consultation with the Company, subject to compliance with some conditions.

Notice is given that the Meeting will be held at: 10:00 am (WST) on 14 October 2024 at Level 14, QV1 250 St Georges Terrace PERTH WA 6000.

Definitive agreements executed for the sale of 100% of Calima Energy Inc to Aldon Oils Ltd. Total consideration C$1.2 million (A$1.3 million). The sale is subject to CE1 shareholder approval. Parties aim to complete the transaction approximately 10 days after shareholder approval, but no later than 31 October 2024.

The company has completed the minimum holding buy-back for holders of unmarketable shares, offering it to eligible shareholders at a price of $0.0083373. The buy-back reduced the number of Calima shareholders to approximately 680 and reduced administration costs associated with maintaining small holdings. The final number of shares bought back was 14,365,781 ordinary shares, comprising 754 shareholders, representing approximately 80% of Eligible Shareholders. The proceeds will be paid to participating shareholders on or around 9th September 2024.

The company lodges its notice of cessation of securities.

The company releases a letter to its shareholders regarding an equal access share buyback.

The company releases a notification of buy-back.

The company lodges its June 2024 Quarterly Activities & Cash Flow Report.

The company releases a notification of cessation of securities.

The Company intends to undertake a minimum holding buy-back for holders of unmarketable parcels of shares in the Company.

The Commissioner of Taxation has issued a Class Ruling consistent with the recent capital return completed on 21 June 2024. The ATO have confirmed in the ruling that the distribution is to be treated as a 12.63 cents per share capital return.

The securities of Calima Energy Limited will be suspended from quotation at the close of trading on Tuesday, 2 July 2024 under Listing Rule 17.3. ASX has determined that CE1's operations are not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.1. The suspension will continue until such time as ASX is satisfied with CE1's compliance with the Listing Rules, including Listing Rule 12.1 and that it is otherwise appropriate for CE1's securities to be reinstated to quotation.

The suspension of trading in the securities of Calima Energy Limited will be lifted from the commencement of trading on Wednesday, 3 April 2024 following the receipt of CE1's financial statements for the period ending 31 December 2023.

The company releases its Appendix 4G & Corporate Governance Statement.

The company releases its Appendix 4G & Corporate Governance Statement.

The company lodges its Annual Financial Report 2023.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Tuesday, 2 April 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Thursday, 28 March 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of Calima Energy Limited will be lifted immediately following the release by CE1 of an announcement regarding the sale of the Blackspur Assets.

Definitive agreements executed for the sale of 100% of Blackspur Oil Corp. to Astara Energy Corp. Total consideration C$75 million (A$83.3 million) with customary industry adjustments at completion for net debt. Sale reflects a post-sale net cash backing of ~13 "“ 13.5 cents (A$) per share (after completion adjustments). Key conditions precedent to completion: o CE1 shareholder approval o Canadian Competition Act approval. Following completion, CE1 intends to distribute no less than 85% of the sale proceeds to CE1 shareholders. CE1 will continue as a listed company with production from the Paradise well in British Columbia and will review potential complementary new opportunities. Parties aim to complete the transaction approximately 10 days after shareholder approval, but no later than 30 March 2024.

The securities of Calima Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CE1, pending the release of an announcement regarding the sale of the Blackspur Assets.

The suspension of trading in the securities of Calima Energy Limited will be lifted immediately following the release by CE1 of an announcement regarding the termination of negotiations in relation to the proposed asset sale.

Asset Sale not proceeding, final price negotiations impacted by energy price volatility. $3 million distribution to shareholders scheduled for Q3 2023. 2nd quarter 2023 production meeting forecast with current production 4,125 boe/d. Positive cash from operations remains strong - forecasted at ~$7.5m for Q2 2023. Montney asset progressing a detailed reservoir, operational, and planning review "“ British Columbia forest fires have had negligible impact on Calima sites and covered by insurance. Zoom Management Update to be provided Tuesday 27th June at 9 am (AWST) Register here "“ https://shorturl.at/pzCV6.

The company releases its AGM results.

The securities of Calima Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CE1, pending the release of an announcement regarding a sale.

The suspension of trading in the securities of Calima Energy Limited Limited will be lifted from the commencement of trading on Monday, 3 May 2021, following the release by CE1 of an announcement regarding a major acquisition and capital raising.

The plan of arrangement has become effective and the entire issued ordinary share capital of Blackspur Oil is now owned by Calima. Calima's capital will consist of 10,271,198,758 ordinary shares on issue following the payment of the consideration shares to the Blackspur shareholders, the capital raising shares and transaction costs; valuing the Company at a market capitalization of ~A$72 million (@ A$0.007). The issue of 2,460,243,360 shares to Blackspur Shareholders will occur on or before 10 May 2021 in accordance with the Blackspur Plan of Arrangement. An Appendix 2A will be lodged following their issue. An Appendix 3B was lodged 2 May 2020. Calima now has exposure to low-cost oil & gas production and can generate material cash flow and provide greater leverage to rising oil & gas prices in North America. The merger of the two companies will result in a number of cost savings in relation to compliance, accounting and finance, office costs, administration and the care and maintenance of the Tommy Lakes facilities. Recently Blackspur drilled two horizontal oil wells targeting the Sunburst Formation and performed one re-entry operation adding a horizontal leg into an existing horizontal Sunburst producing well. The total cost for the three well program was approximately C$2.2 million, which was 22% under budget. Flow results expected shortly. This month the Company will commence a 3 well drilling campaign in the Brooks (Sunburst) area followed by 3 well campaign in the Thorsby (Sparky) area in June/ July. The Company also remains encouraged with recent M&A activity in the Montney and continues to focus on strategies to unlock shareholder value of the Montney assets through partnerships and/or a corporate transaction. "¢ Calima forecasts 3,000 boe/d average production rate for CY 2021 which at US$60 WTI is forecast to deliver ~C$18 million of adjusted EBITDA for the 8 months to December 2021. The forecast production exit rate for CY 2022 is 5,500 boe/d. Given the strength in oil and gas prices the Company is reviewing its planned capital works program and will be looking to provide an operational update and further guidance in midlate May 2021. The Company's new web site has been updated and is located at calimaenergy.com.

The Company has completed the following allotment of securities that have been issued: Issue of 163,392,659 Shares; Issue of 50,000,000 Broker Options; and Issue of 96,000,000 Performance Rights. The Securities do not count towards the Company's LR 7.1. placement capacity.

The company releases the following: Appendix 4G, March 2021 Quarterly Activities Report, March 21 Quarterly Cashflow, Montney Resource Statement Dec 21, Annual Report 2020, notice of Proposed issue of Securities - CE1, Investor Presentation April 2021.

The company releases an Investor Web Presentation Friday 30 April.

The company has completed a capital raising of 5,425,783,115 fully paid ordinary shares under its retail offer pursuant to a prospectus dated 10 February 2021 and institutional placement as confirmed on 26 April 2021. The shares were issued with an issue price of $0.007 per share, raising A$37.9 million.

The company's AGM will be held at 10:00am (AWST) on 28 May 2021 at Suite 4, 246-250 Railway Parade, West Leederville, WA 6007.

Canadian Court approval granted in respect of Deed of Arrangement between Blackspur Oil Corp and Calima Energy Limited. Credit Facilities of C$25 million agreed upon by National Bank of Canada. Blackspur shareholders meeting "“ approved by 98.4% who voted. Capital Raising Competed ~ $38 million. Relisting scheduled for 3 May 2021.

15,185,904 shares will be released from Voluntary Escrow on 6 May 2021.

The company releases the results of its general meeting.

The company releaes an Appendix 2A in respect of shares being issued to Directors and Management in lieu of fees as approved at the General Meeting held on 29 May 2020. The shares are issued subject to 3 months voluntary escrow. The Company has a retail offer prospectus open to all investors until April 20, 2021.

The company lodges its Financial Report 2020.

On 22 March 2021, the Court of Queen's Bench of Alberta granted Blackspur Oil Corp. an interim order ordering Blackspur to seek shareholder approval of the merger with Calima. Blackspur is authorized to proceed with an application for a final court order approving the arrangement on 23 April 2021. Based on the schedule and timing above, and subject to the standard closing conditions of a transaction of this nature, Calima Energy will relist on the ASX in late April, 2021. The company has a retail offer prospectus open to all investors until 20 April 2021.

Blackspur has completed the drilling portion of a three well Sunburst program at Brooks. The new wells took on average 6 days to drill, and the re-entry was 4.5 days. Completion and tie-in of the wells will be completed in April 2021. Sunburst wells: C$1 million each to drill - pay-back ~ 6 months @ US$60/WTI at type curve production rates; great leverage to rising oil prices due their low cost and high productivity.

Firm Commitments totaling A$37 million received. Proceeds form part of the overall financing package to acquire Blackspur Oil Corp and grow oil and gas production to 5,500 boe/d by YE 2022. Strong demand from existing shareholders and new investors; including highquality international and domestic institutions. Completion of the 100% acquisition of Blackspur expected to close late April and relisting shortly thereafter.

There is a typographical error on Page 2 of the notice of meeting announced on 11 March 2021 which incorrectly refers to the date to the date on which directors have determined persons eligible to vote at the meeting are those who are registered as shareholders on 15 April 2021 at 10AM (WST). The correct date that directors have determined persons eligible to vote at the meeting are those who are registered as shareholders on 13 April 2021 at 10AM (WST), which is consistent with the requirements of regulation 7.11.37 of the Corporations Regulations 2001.

The company will be holding its general meeting at 10:00am (AWST) on 15 April 2021 at Suite 4, 246-250 Railway Parade, West Leederville, WA 6007.

The company issues a prospectus for an offer of up to 1,428,571,429 Shares each at an issue price of $0.007 to raise up to $10,000,000 (before costs).

The company releases its Calima Blackspur Merger Presentation.

Binding agreement to acquire 100% of Blackspur Oil Corp, a western Canadian conventional oil-weighted energy producer. Blackspur's operations include high quality, producing assets in Alberta Canada with an oil weighted reserve base. Planned organic growth to over 5,500 boe/d by drilling 24 low risk proven undeveloped wells by year end 2022. In Q3 2018, Blackspur averaged production of 4,400 boe/d and peaked over 5,000 boe/d. Large drilling inventory with greater than 60 booked PUD locations. C$200 million invested in Blackspur assets over the last 7 years. The Blackspur low-cost oil producing assets will give the larger Company a recurring cash flow stream and exposure to improving oil prices, while the significant resource base of the Calima Lands in the Montney gives upside to both improving oil and gas prices and LNG development in Canada. Management and operations led by Jordan Kevol, as CEO and Director supported by Blackspur and Calima management. Calima to undertake a capital raising of no less than A$34 million to fund the acquisition, reduce Blackspur indebtedness, provide working capital and cover transaction costs. Existing investment by Blackspur in regenerative, proprietary H2S removal technology will also position Calima with the ability to lower its CO2 emission rates versus peers and offers a number of positive economic & environmental benefits vs. traditional technology. The respective boards and major shareholders of Calima and Blackspur have approved the transaction with the deal expected to close in April 2021.

The securities of Calima Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CE1, pending the release of an announcement regarding a major acquisition and capital raising.

The suspension of trading in the securities of Calima Energy Limited will be lifted immediately, following receipt of an announcement.

The company has received binding commitments to raise a total of A$3,517,625 (before costs) through an over-subscribed private placement to various sophisticated and professional investors. Placement enables continued progression towards drilling of the Calima Lands covering the liquidsrich Montney play in British Columbia.

The company releases its Euroz Conference Investor Presentation.

The securities of Calima Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

name changed from Azonto Petroleum Ltd