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CALIMA ENERGY LIMITED (CE1)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
CALIMA ENERGY LIMITED23/08/2017
AZONTO PETROLEUM LTD13/12/201323/08/2017
RIALTO ENERGY LIMITED13/12/2013

Shareholder links

Our website ranking of CE1: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000CE10
Address: Suite 4, 246-250 Railway Parade West Leederville WA 6007
Tel:  +61 8 9380 8333Fax: +61 8 9380 8300

Date first listed: 28/07/2006
Company Secretary: Neil Hackett, Mark Freeman
Sector: Energy Industry Group: XEJ
Activities: Oil and gas exploration

News & Events

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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.

02/04/2024

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

02/04/2024

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

02/04/2024

The company lodges its Annual Financial Report 2023.

02/04/2024

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.

02/04/2024

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.

05/01/2024

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.

05/01/2024

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.

02/01/2024

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.

26/06/2023

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.

26/06/2023

The company releases its AGM results.

31/05/2023

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.

31/05/2023

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.

03/05/2021

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.

03/05/2021

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.

03/05/2021

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.

03/05/2021

The company releases an Investor Web Presentation Friday 30 April.

29/04/2021

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.

29/04/2021

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.

28/04/2021

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.

26/04/2021

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

23/04/2021

The company releases the results of its general meeting.

16/04/2021

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.

14/04/2021

The company lodges its Financial Report 2020.

01/04/2021

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.

30/03/2021

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.

24/03/2021

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.

16/03/2021

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.

16/03/2021

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.

11/03/2021

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).

11/03/2021

The company releases its Calima Blackspur Merger Presentation.

01/03/2021

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.

26/02/2021

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.

16/02/2021

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

16/03/2018

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.

16/03/2018

The company releases its Euroz Conference Investor Presentation.

15/03/2018

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.

15/03/2018

name changed from Azonto Petroleum Ltd

23/08/2017

 

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sorry no news from calima energy

30/08/2019 20:29:15

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    16/02/2024Glenn Whiddon2,500,000$0.115$287,500
    12/02/2024Glenn Whiddon2,500,000$0.110$275,000
    04/09/2023Glenn Whiddon1,035,740$0.092$94,979
    31/08/2023Glenn Whiddon250,000$0.092$23,024
    30/08/2023Glenn Whiddon333,270$0.089$29,804

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Glenn WhiddonNon Exec Chairman02/06/2015
    Karl DeMongCEO01/04/2022
    Graham VealeCOO27/07/2023
    Jerry LamCFO13/10/2022
    Ron NelmesFinance Director
    Mark FreemanFinance Director23/06/2021
    Lonny TetleyDirector03/05/2021

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jordan KevolManaging Director, CEO03/05/202127/07/2023
    Brett LawrenceNon Exec Director29/10/201901/04/2022
    Alan SteinNon Exec Director25/08/201723/06/2021
    Neil HackettNon Exec Director26/03/201211/11/2020
    Jonathan TaylorDirector25/08/201720/01/2020
    Robert DowneyNon Exec Director17/09/201525/08/2017
    Andrew SinclairNon Exec Chairman21/12/201217/09/2015
    Gregory StoupnitzkyManaging Director15/10/201217/09/2015
    Jeff DurkinGeneral Counsel02/09/201317/09/2015
    Gert-Jan SmuldersTechnical Director01/05/201410/08/2015
    Andrew BartlettNon Exec Chairman17/09/201229/05/2015
    Rob ShepherdManaging Director, CEO26/11/201220/01/2015
    Andrew RoseExecutive Director, CFO27/08/201320/01/2015
    Sandra RosignoliGeneral Counsel12/06/201302/09/2013
    Charles NietoCOO25/05/201131/07/2013
    Patrick GaroCFO09/05/201119/06/2013
    Vance QuerioNon Exec Director05/11/201012/06/2013
    Bruce BurrowsNon Exec Chairman, Non Exec Director09/05/201115/03/2013
    Jeff SchrullManaging Director21/07/201023/11/2012
    Chaim LebovitsNon Exec Director24/07/201005/04/2012
    Glenn WhiddonChairman21/11/200526/03/2012
    Brett WoodsManaging Director, Company Secretary20/04/200709/05/2011
    Simon PotterNon Exec Director, Non Exec Chairman09/07/200821/07/2010
    Rob HallExecutive Director01/05/200821/07/2010
    Ted JacobsonNon Exec Chairman16/02/200630/11/2009
    Greg MunyardNon Exec Director16/02/200601/10/2009
    Laurie BrownNon Exec Director16/02/200615/05/2009

    Date of first appointment, title may have changed.