#liquids-rich fairway

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Unlocking the Potential of Calima Energy's Montney Assets

Calima Energy, a prominent player in the energy sector, boasts ownership of approximately 34,000 acres of Montney rights strategically positioned in the "liquids-rich" fairway. In addition to their Thorsby and Brooks holdings, these Montney assets are a valuable resource with immense potential in both the domestic gas and international LNG markets.

With its extensive acreage, Calima Energy is primed to capitalize on the Montney Formation's potential and the growing demand for liquid-rich natural gas.

[colitcomedia]

Calima Energy Limited, an Australian oil and gas exploration and production company, is committed to responsible development and the maximization of shareholder value. Under the astute leadership of Chairman Glen Whiddon, the company is strategically focused on optimizing asset valuation and achieving operational efficiencies. This article delves into the insights of Calima Energy Limited, sheds light on Glen Whiddon's extensive experience, and explores the company's plans to enhance its position in the energy sector.

Glen Whiddon: A Seasoned Professional in Investment Management

As the Principal and Founder of Lagral, a family company specializing in investment management activities, Glen Whiddon brings a wealth of experience to his role as Chairman of Calima Energy Limited. With his diverse background in executive leadership roles and expertise in the mining, energy, and property sectors, Whiddon is at the forefront of driving Calima Energy towards maximizing shareholder value.

Maximizing Shareholder Value: Distributions and Share Buy-Back

Calima Energy Limited is committed to delivering value to its shareholders. The company plans to execute its second distribution of AUD 3 million to shareholders, with the aim of increasing the frequency of distributions in the future, subject to market conditions and commodity prices. Furthermore, Calima Energy may restart a share buy-back program, prioritizing continuous delivery of distributions to supportive shareholders.

Optimizing Drilling and Operational Expenses

In the face of increased capital and operating costs, Calima Energy Limited has devised plans to optimize drilling and operational expenses. By strategically reducing activity during the Canadian winter and standardizing operations, the company aims to improve efficiencies and achieve greater returns on investment in future drilling programs. These measures are part of the broader strategy to enhance asset valuation and drive sustainable growth.

Investor Outlook and Financial Performance

Based on the positive response received, Calima Energy anticipates potential inquiries and proposals from external parties regarding the acquisition or utilization of its assets. The company's forecasted Q2 production remains on track, with an average of around 4,125 barrels of oil equivalent per day (BOE/D). Furthermore, Calima Energy expects to generate approximately AUD 7.5 million in free cash flow for the quarter. With a current share price of AUD 0.094 per share, a 52-week range of AUD 0.093 – AUD 0.175, and a market capitalization of AUD 57.6 million, Calima Energy is poised for success.

Calima Energy: Positioned for Success in Western Canada

Calima Energy Limited is a prominent player in Western Canada's energy sector. The company generates stable production from its Thorsby and Brooks assets, primarily focusing on conventional oil and gas. With a low decline rate of approximately 65%, Calima Energy ensures consistent performance. Moreover, the company holds over 34,000 acres of Montney rights in the "liquids-rich" fairway, positioning itself to capitalize on the potential of the Montney formation and leverage the growing demand for liquid-rich natural gas in both domestic and global markets.

Conclusion

Led by Chairman Glen Whiddon, Calima Energy Limited is dedicated to maximizing shareholder value through responsible oil and gas exploration and production activities. With a strong emphasis on optimizing asset valuation, managing operational expenses, and exploring potential asset sales, the company aims to achieve sustained growth and create value for its stakeholders. As investors consider their options, it is crucial to conduct thorough research and seek advice from financial advisors before making investment decisions.

[weedkillerguide]

Best Fertilizer for St. Augustine Grass for 2020 [Our Reviews and Comparisons]

when it comes to gardens and lawns. Nature does run its course but some soils might not be very rich in nutrients and a sparse lawn is unattractive. For the enthusiastic users who are concerned about their grass not covering the yard fast enough here is a list of fertilizers that you can use.

Ideally, you should look for fertilizers with high amounts of nitrogen and iron that act as supplements for your lawn. Apart from that when used with the right directions you can avoid burning down your lawn. Fertilizers that contain nitrogen, phosphorus, and potassium in other words (NPK) ratio of 4-1-2 are the preferred choice for most areas.

Best Fertilizer for St. Augustine Grass Our Reviews and Comparisons

1. Scotts Turf Builder Starter Food for New Grasse

Product Highlights

This product covers at least 1000 sq ft. of a lawn. The Scotts Turf Builder Starter Food for New Grass is the perfect solution for your lawn. It has immensely beneficial qualities that are formed by a combination of nutrients that ensures your St. Augustine grass remains fresh and luscious.

If you are looking for what will take care of your lawn long term then this is the perfect fit. The nutrients provide the right atmosphere and environment for the new grass to grow faster due to its feature of promoting faster root and blade development. Since it also helps speed up the growth this will make sure that your lawn is always fresh and good looking.

Features

This product comes with a 24-25-4 fertilizer ratio which means that it provides the required nutrient balance for your developing lawn. It also improves seeding results and works great for sod and grass plugs. You will see a noticeable difference when the grass grows as it is 70% thicker and grows at least 35% quicker when compared to unfed grass.

It is the perfect fertilizer for St. Augustine grass. So whether you are planting new grass, starting a new lawn, or reseeding an existing one, this fertilizer is the one you should be aiming to use.

Of course, you must make sure to care for the new grass and water it once a day or as much as needed to ensure that the soil is moist. Occasionally continue feeding your lawn so it sprouts a thick, green appearance. If you ever decide to mow then finally wait to mow the area until the new grass is at least three inches tall.

What We Like About Scotts Turf Builder Starter Food for New Grass

A good healthy dose of this fertilizer can actually promote thick growth making the lawn ready after winter. The difference is noticeable with a month.

What We Don’t Like About Scotts Turf Builder Starter Food for New Grass

Some customers have claimed that the changes are temporary and that the lawn was left in yellow patches.

PROS

Very effective

Affordable

Non- poisonous

Nutritional

CONS

Ineffective under certain conditions

2. Southern Ag Chelated Liquid Iron

Product Highlights

This product works really well on St. Augustine grass if your grass is showing signs of iron deficiency. If your lawn is patchy and yellow then a spray of this will turn it into a deep, rich green.

When this concentrated liquid is be mixed with water and applied liberally with a sprayer, it shows great results. Be cautious as it will stain masonry, paint, and concrete.

Features

Weighing in at 16 oz this product does not contain any nitrogen, phosphorus, or potassium. It contains 5% of iron and is specifically for use in flowers, shrubs, trees, vegetables, and lawns. Therefore it specifically is produced for yellowing grass which indicates that there is an iron deficiency. It takes care of problems and prevents them from happening again in the future. It should be used as a drenching spray.

What We Like About Southern Ag Chelated Liquid Iron

It is perfect for St.Augustine grass as it takes care of iron deficiency.

What We Don’t Like About Southern Ag Chelated Liquid Iron

If you are not careful with this product then it can stain the concrete and if you apply without gloves the smell will not come off your hands.

PROS

Very effective

Easy to Use

Works well

Shows great results

CONS

Odor

Stains

3. Dow AgroSciences 173917 Eagle 20EW Fungicide

Product Highlights

This product comes with a special fungal killing property. It delivers superior control of various lawns, turf, and ornamental diseases such as dollar spot and brown patch.

It works systemically to protect against new disease growth. Used both for curative and preventative control a single application of Eagle 20EW can protect plants for up to 28 days. The best thing is that you do not even require a large amount to do the job. A small amount can do the trick it’s that strong.

It is a versatile product that works systemically, through the entire plant to fully protect it and remove any infection.

It works well on established turfgrass like the St.Augustine grass. This includes residential and commercial lawns, ornamental turfgrass, grounds or lawns around business and office complexes, and golf course fairways, greenhouse. It even works on non-commercial tree fruits and vines, specifically apples, stone fruits, and grapes.

Features

It prevents and controls more than 15 fungal diseases that could affect your grass leaving it patchy and yellow. It controls leaf spot, zoysia large patch, brown patch, anthracnose, dollar spot, spring dead spot, necrotic ring spot, red thread, powdery mildew, rusts, septoria leaf spot.

It prevents the recurrence of any issues and can be applied preventatively during the growing season. If you do use it with a backpack sprayer, then you can opt for a concentration of 1.25 teaspoons mixed with 4 gallons of water. This will be enough to last a long time.

What We Like About Dow AgroSciences 173917 Eagle 20EW Fungicide

If you follow a 10 to 14-day application schedule then you can protect your plants all season long.

What We Don’t Like About Dow AgroSciences 173917 Eagle 20EW Fungicide

Since it is a suspended concentrate it may require repeated agitation while spraying.

PROS

Effective

Provides nutrients

Lush lawns

CONS

Multiple Applications required

4. The Andersons 19-0-6 Turf Fertilizer with Barricade Pre-Emergent Herbicide

Product Highlights

This is one must have a product that you should have in your garden shed at all times. St. Augustine grass requires lots of nutrients to flourish and this product provides it. Rich in nitrogen this product is ideal for the homeowner or even agriculturalist.

If you are looking for that blend that does an exceptional job for that spring green, then this is it. Not only that, but it will also prevent annual grass weeds which include crabgrass, goosegrass, annual foxtail, Poa annua; and broadleaf weeds including common chickweed, knotweed, henbit, prostrate spurge, common purslane, etc.

Features

Almost 50% of the nitrogen is derived from NutriSphere-N. This is a proprietary nitrogen management tool that enables growth and turf color showing results in 8 weeks. The active ingredient prodiamine acts as a pre-emergent herbicide providing excellent control of grassy and broadleaf weeds in established turfgrasses and lawns.

The ratio of NPK is 19-0-6 and it also contains 0.21% Barricade herbicide. If you go for the 50 lb bag then you can cover 11,100 sq ft, especially for the low coverage. Following this, you can use a measurement of 8,300 sq ft for medium coverage and 5,400 sq ft for high coverage. The sized particles consistently reduce segregation potential. This also works for crabgrass control, especially when applied after April.

What We Like About The Andersons 19-0-6 Turf Fertilizer with Barricade Pre-Emergent Herbicide

This product consists of a range of nutrients that is quite effective for grass to flourish.

What We Don’t Like About The Andersons 19-0-6 Turf Fertilizer with Barricade Pre-Emergent Herbicide

The coverage of this area is not as good as mentioned. This product seems to work for crabgrass but only after multiple applications.

PROS

Effective

Provides nutrients

Lush lawns

CONS

Multiple Applications required

5. Jonathan Green Winter Survival Fall Fertilizer

Product Highlights

The Jonathan Green 12400 10-0-20 Winter Survival Fall Fertilizer is perfect for outdoorsy people who take a keen interest in lawn maintenance and gardening. If you are particularly focused on marinating and rejuvenating your lawn later in the year, then this product provides the necessary nutrients to ensure full growth.

Its well-balanced formula promotes good growth and keeps your St. Augustine grass fresher looking than ever.

Features

It should ideally be applied in the fall or winter season when the lawn is comparatively dry. This container size is 15 lb and has a coverage area of 5000 sq. ft. Although it is perfectly suited for St. Augustine grass is ideal for all grass types.

It is not organic so you have to be careful while handling it. It comes in the form of granules and is not suitable for vegetables. However, it is soluble in water, meaning that you can hose down the lawn with a spreader or sprayer. The NPK ratio is 10-0-20.

This well-balanced formula, ideal for winter lawn protection contains 3% iron which is essential for the removal of yellowing and promotes the much needed deep-green color. In addition to promoting root growth, it stores nutrients for the spring season, which also makes it quite apt to use with a fall seeding. Besides, the nitrogen helps repair summer lawn damage while protecting the lawn from winter stress. The high potassium concentrate helps to promote deep rooting and growth. It can feed the turf for up to 2 months and shows the most effective results on newly seeded lawns. It also encourages winter disease prevention while promoting early spring green-up.

What We Like About Jonathan Green Winter Survival Fall Fertilizer

This product works well when you apply it before the fall so that when spring arrives the grass is fresh and green.

What We Don’t Like About Jonathan Green Winter Survival Fall Fertilizer

This product can be quite dangerous to handle and should be kept away from children and pets.

PROS

Very effective

Convenient

Promotes green growth

Prevents recurrence

CONS

Ineffective in summer

armful to children and pets

Final Verdict

The best product that you can use on your grass is the Southern Ag Chelated Liquid Iron. Your grass not only needs nourishment it also needs iron that will promote its health. It is extremely effective in promoting grass health right down to the roots. This leaves your lawn looking green as ever after the dry impact of the fall and harsh effects of winter.

Frequently Asked Questions (FAQs)

How should one use fertilizers for St.Augustine grass?

You should begin by mixing the granules before the application. Some products are chosen usually come in the form of fine granules which in turn have are meant to be mixed with water and sprayed. The instructions on the package of the fertilizer are clear as to how the granules should be mixed. Another added advantage is that you can control how concentrated the mixture can be. You always have the option of diluting it if you require something less potent. You can also add extra water so that give yourself more time while applying it to your whole yard. Some of the products we have selected come in the form of fine granules that are intended to be blended and sprayed with water. The fertilizer kit should have specific instructions about how to combine the granules. The great thing about this kind of fertilizer is you monitor how concentrated it is. If you want anything less strong then you can dilute it.

Can the Fertilizer be mixed with liquids before application?

Using a sprayer is an easy way to use this fertilizer on the grass of St. Augustine. Some fertilizers come prepared and mixed in a wide bottle with an incorporated sprayer hose attachment which is one of the most convenient application methods. If you are combining either granular or liquid fertilizer, you need to get some form of a sprayer. Hose sprayers are the simplest since, like the pre-mixed fertilizers, they are easy to use and mount right to your garden hose. Another alternative will be to invest in a sprayer. These come in several ways, usually either a tank you’re carrying around or one you can wear as a backpack. These sprayers are typically used with a pump and a wand and allow you to travel around your yard. The simplest method of using a sprayer is first to do the edges of the grass. Then move back and forth until all of your lawn is covered. It is not easy to apply liquid fertilizer. While hose sprayers may be very convenient, it’s hard to make sure you get an even application all over your lawn.

What is the most effective way to use products with granules?

Many granules are intended to be added directly to the lawn and not to be mixed and sprayed with water. You must be careful about applying the bottle or package side directions. If you use a transmitted spreader then it is going to be even more effective in dispersing the granules. Of course, it is no easy task, especially by hand. If you do not have a broadcast spreader, then it is suggested that you get one that is sold in most home improvement stores. The first thing you have to do is make sure that the spreader is adjusted properly for the size of your lawn and the amount of fertilizer that you add. This calibrates the mechanism to uniformly release the granules as you head out across the yard. To stop run-off later, fill the spreader with the granules on a rough surface, making careful to clean any spills. You can start at the edge of the lawn, and progress slowly. The easiest way to ensure that you do not lose any places is to try repeating with the wheel line left in the grass from the previous run over the lawn. Water the grass properly, after fertilization. This releases the granules in a manner that transfers the nutrients into the soil and allows the fertilizer to spread down to the surface. It also means that the granules are not swept away with

Should the soil be tested for phosphorus levels?

According to researchers phosphorus levels in soil hardly change especially over short periods. So, you can gather soil samples and submit them to a test lab to assess levels of phosphorus. It will be more beneficial if you can test the soil within one year of turf establishment. Soil samples can be taken as long as the soil is not frozen at any point of the year. The optimal scenario will be to gather soil and send the sample(s) to a research laboratory as close as possible to the time of formation. Just make sure to give the laboratory time to process the samples and return your report with advice on phosphorus. Besides, construct the report in a few days to understand and buy the right quantity and type of fertilizer.

What is the most ideal time for fertilizers to be applied to the St.Augustine Grass?

When applying a starter fertilizer, there are certain things to be kept in mind. It is ideal when you apply before seeding or before laying sod. In some cases, you can apply it after you plant your grass seed. Do not add it directly to freshly planted sod because it may occur while burning. In fact, after planting, you can wait six to eight weeks before adding another dose of balanced fertilizer to your grass so it does not burn. The Penn State Extension advises doing a soil test when it comes to determining how much starting fertilizer for the lawn you’ll need. The test will mention exactly what nutrients in the soil need to beef up to support your turf is grown and how much is required. Nitrogen, phosphorus, and potassium are the three most essential nutrients that your turfgrass requires for healthy growth and health. The application of the starter fertilizer into the soil before planting has advantages. If phosphorous and potassium are added only to the soil surface they are unable to travel quickly enough down into the earth. Moreover, nitrogen can be quickly leached from the soil before the plant even gets a chance to consume the nutrients. Therefore, it is possible to till 4 to 6 inches of soil with any additional modifications that you make. However, if you wish, after continuing to spread your grass seed, you can distribute the starter fertilizer over the site immediately.

How should the fertilizer be applied?

If you have earned your soil test, you have chosen a good starter fertilizer for your soil and know the requisite quantities. It is relatively easy to apply to the lawn field. Simply pour the appropriate volume into a regular fertilizer spreader and distribute the starter fertilizer equally over the place of planting. If you are planting grass seed or sod after application, work the substance 4 to 6 inches into the soil until applied. If after adding grass seed you are spraying the substance, scatter the substance over the soil and pour it into the soil. Do not go crazy in its use and assume it is easier to do something. Like for certain aspects in life, too much of a good thing can be terrible, and too much starter fertilizer can be adversely affected by burning to your growing grass. A soil test takes the suspense out of what your soil is missing and lets you know what starter fertilizer your lawn wants and how much it wants. We hope our list of products and FAQs help you purchase the Best St. Augustine Grass Fertilizer according to your requirements.

The post Best Fertilizer for St. Augustine Grass for 2020 [Our Reviews and Comparisons] appeared first on Weed Killer Guide.

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Donald Trump: The Businessman and Entrepreneur Who Has Redefined Politics

Donald Trump has dependably needed to manage rivalry. He was one of five youngsters destined to Mary Anne and Fred Trump and appears to have had no issue emerging among his kin. I figure that was an indication of things to come. Dissimilar to many favored kids who wind up squandering their lives and fortunes, Donald took the benefit of being destined to well off guardians and kept running with it. Trump turned into an exceptionally rich and extremely open figure in the 1980s. By the 1990s he was at that point an unbelievable figure in New York City, a town of incredible figures. In the principal decade of the 2000s the Donald turned into a reality indicate star as "The Apprentice" and later "Big name Apprentice" had an evaluations effect on TV. Continually rethinking himself, Trump has as of late exchanged his world show have gig and moved past his business realm to keep running for the Presidency of the United States in the 2016 decision.

It was nothing unexpected to a hefty portion of us when the Donald very quickly assumed control in a vast field of Republican hopefuls. A few people were stunned by his remarks about enormous national issues, for example, illicit movement and the abuse of veterans by their own particular government. Many anticipated his crusade would fumble in the wake of a few dubious tirades, notwithstanding, the exact inverse happened. Trump figured out how to hit a nerve with the American People. He was all of a sudden the leader as the main Republican verbal confrontation occurred. Despite the fact that he had no pretty much time than any of alternate hopefuls, Donald Trump figured out how to react to what had all the earmarks of being some exceptionally dubious inquiries with his own image of cleverness and swagger. Fox News supported the occasion which was seen by more than 24 million individuals and there can be undoubtedly the Donald had a great deal to do with those record-breaking numbers.

To comprehend Donald Trump you need to comprehend where he originated from. It began when Frederick Trump touched base in the USA from Germany in 1885. He wedded Elizabeth Christ in 1902 and that is the place his German foundation and his family fortune started. Donald's dad Fred Trump (who was named for Frederick) wedded Mary Anne Macleod (a Scottish outsider) in 1936. The privately-run company was Real Estate and the Donald demonstrated an early enthusiasm for his father's work. He viewed everything his dad did in business and gained from it. While living in Jamaica Estates, Queens, New York City, Trump went to the Kew Forest School in Forest Hills. He experienced difficulty concentrating on his school work and wound up being rejected. His folks wanted to set him straight by sending Donald to the New York Military Academy. It more likely than not worked on the grounds that Trump at that point went ahead to go to the lofty Fordham University.

Following a few years Trump exchanged to the Wharton School at the University of Pennsylvania where he graduated with a Bachelor of Science degree in Economics. That school was one of only a modest bunch that offered exceptionally respected Real Estate learns at the school level. A few faultfinders contend that Trump intentionally maintained a strategic distance from military administration amid those days as a result of his position in the public arena. Trump reacted to those faultfinders by pointing out that he had a high specific administration lottery number, which is valid. He likewise got two understudy postponements and was eventually pronounced unacceptable for benefit because of a punctured eardrum. That is normal and has been a reason that numerous others have been turned around the U.S. Military. In any case, Trump utilized his training and family associations with his own particular leverage. He joined the privately-run company in 1968 and turned into its head in 1971, that year he moved to Manhattan. Starting there on the organization ended up plainly known as The Trump Organization.

Trump wedded his first spouse Ivana Zelnickova in 1977. She moved here from what is referred to today as the Czech Republic. That union kept going until 1992 and delivered three youngsters: Donald Trump Jr (conceived in 1977), Ivanka Trump (conceived in 1981) and Eric Trump (conceived in 1984). In 1993 Trump wedded Marla Maples and the two stayed together until 1999. Their marriage created a little girl named Tiffany (conceived in 1993). Trump acknowledged his marriage disappointments for an affection for his work. In 2005 the Donald wedded Melania Knauss from Slovenia. Nobleman Trump was conceived in 2006. As of this written work Trump is as yet hitched to Melania with no open indications of conjugal dissension. Dissimilar to his initial two spouses she remains out of sight and maybe that is a lesson learned for the present Mrs. Trump: Never attempt to be as well known or questionable as the Donald.

Two of Donald Trump's first enormous arrangements were turning the monetarily strapped Commodore and Grand Hyatt inns into gainful elements. In the wake of getting a weighty Broker's Fee for the offer of property where the new Jacob Javits Convention Center was in the long run manufactured, Trump assumed control over the rebuilding of the Wollman Rink situated in Central Park. That venture had been tormented by work delays and kept running over-spending plan for a considerable length of time. Donald finished the reclamation in three months at no cost to New York City. Despite the fact that undertakings like the arena built up Trump's notoriety for being a quick agent, it was additionally exorbitant. By 1989 Trump confronted money related issues of his own making by conceivable over-putting resources into Atlantic City clubhouse and different tasks. This prompt business chapter 11, be that as it may, he never petitioned for individual liquidation.

Trump turned things around amid the 1990s and gave New York City astounding properties like The Trump World Tower (over the road from the United Nations home office) in 2001 and later built up the Trump Tower on Fifth Avenue. He took after that accomplishment with more Trump properties in New York City, Chicago and around the globe. Trump additionally started to take advantage of his name by marking and authorizing it to everything from occasions and organizations to apparel, fragrance, chocolate, home furniture and even filtered water. He infrequently played money markets and won procuring a benefit of around $27 million dollars in 2014 alone. Trump's affection for sports lead him to purchase a USFL Team in 1983, quickly oversee boxer Mike Tyson and turn into a piece of different Professional Wrestling occasions. He is said to be an enthusiastic wrestling fan and close companion of the WWWF's Vince McMahon.

Trump dependably figured out how to keep himself exceptionally noticeable to people in general. Some portion of this obvious methodology implied showing up in "Home Alone 2: Lost In New York" in 1992 and "Money Street: Money Never Sleeps" in 2010, and in addition showing up on TV indicates like The Nanny, The Fresh Prince of Bel-Air and Days Of Our Lives. At that point came "The Apprentice" unscripted television appear in 2003 which turned out to be so well known and persuasive that some school educators that show business courses requested their understudies to watch the show and clarify what they gained from every scene. I watched the show and urged my more established kids to watch. All things considered, it was free guidance and business preparing from a Billionaire: How would you be able to lose?

Excellence Pageants and Golf Courses additionally turned into a piece of the Trump Organization. In 1996 Donald Trump assumed control responsibility for Miss USA and Miss Universe challenges. Trump additionally possesses and works various well known and top of the line fairways in the USA and around the globe. When he turned into a confident for the 2016 Republican Presidential Candidacy he made remarks about illicit settlers from Mexico which the NBC and Univision telecom companies protested and they say that made them cross out their cooperation with Trump's "Big name Apprentice" TV show and Beauty Pageants. Trump says he is suing Univision for a large portion of a million dollars.

None of the contention he has caused has harmed his general fame among potential Republican voters. He now stands out of Republican hopefuls by twofold digits. Regardless of whether he has arranged this or is essentially winging it, nothing the Donald has done as such far is by all accounts ready to shield him from being a Presidential Candidate in 2016. Regardless, Trump has figured out how to complement the positive and clarify away any negatives throughout his life up until this point. Like most New Yorkers his talks his psyche and goes up against all comers. As a kindred New Yorker I can state that in New York City disappointment is impossible and Trump has spent his life demonstrating that very actuality. It stays to be checked whether he can stay at the highest point of the political load. That all relies upon his capacity to clarify, in detail, precisely how he can take care of so huge numbers of the issues Americans confront. Stay tuned.

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Calima Energy Limited: Glenn Whiddon Leading the Path to Optimizing Asset Valuation

Calima Energy Limited (ASX: CE1 / OTCQB: CLMEF) is an Australian oil and gas exploration and production company that focuses on responsible development of high-quality assets, primarily in Western Canada. Under the leadership of Chairman Glenn Whiddon, Calima Energy is committed to maximising shareholder value through successful exploration, development, and production activities in the energy sector. This article provides insights into Calima Energy Limited and highlights Glenn Whiddon's extensive experience and the company's plans to optimise asset valuation.

About Glenn Whiddon

Glenn Whiddon, the Chairman of Calima Energy Limited, is a seasoned professional with a diverse background in investment management and executive leadership roles. He is the Principal and Founder of Lagral, a family company focused on investment management activities in the mining, energy, and property sectors. With his extensive experience and leadership, Whiddon drives Calima Energy towards maximising value for shareholders.

Distributions to Shareholders and Potential Share Buy-Back

Calima Energy Limited intends to execute its second distribution of AUD 3 million to shareholders, as announced in the third quarter of FY2023, with the record date to be announced. The company aims to increase the frequency of shareholder distributions, subject to prevailing market conditions and commodity prices. Additionally, Calima Energy may restart a share buy-back program, prioritising continuous delivery of distributions to supportive shareholders.

Plans to Optimize Drilling and Operational Expenses

Calima Energy Limited has faced an increase in capital and operating costs over the past 18 months. However, recent stabilisation and slowing of inflation have led to more settled prices. The company plans to improve efficiencies by reducing activity during the Canadian winter and standardising operations. These measures aim to maximise value and achieve greater returns on investment in future drilling programs.

Investor Outlook and Financials

Based on the interests received, Calima Energy anticipates additional inquiries or proposals from external parties regarding the acquisition or potential utilisation of its assets. The forecasted Q2 production is on track, with an average of around 4,125 barrels of oil equivalent per day (BOE/D). The company expects to generate approximately AUD 7.5 million in free cash flow for the quarter. Calima Energy's share price is AUD 0.094 per share as of June 28th, 2023, with a 52-week range of AUD 0.093 – AUD 0.175. The company's market capitalization stood at AUD 57.6 million as of June 28th, 2023, with 612.7 million shares issued.

About Calima Energy Limited

Calima Energy Limited is a Canadian oil and gas-producing energy company focusing on responsible development of high-quality assets in Western Canada. The company generates stable production from its Thorsby and Brooks assets, primarily conventional oil and gas, with a low decline rate of around 65%. In addition, Calima Energy holds over 34,000 acres of Montney rights in the "liquids-rich" fairway, known for its abundant liquids, providing an upside opportunity in domestic gas and global LNG markets. With its substantial acreage position, Calima Energy is well-positioned to capitalise on the potential of the Montney formation and leverage the growing demand for liquid-rich natural gas.

Conclusion

Under the guidance of Chairman Glenn Whiddon, Calima Energy Limited aims to maximise shareholder value through its oil and gas exploration and production activities. The company plans to optimise asset valuation by improving operational efficiencies, managing costs, and exploring potential asset sales. With a strong focus on responsible development and a strategic position in Western Canada's energy sector, Calima Energy continues to drive growth and create value for its stakeholders.