Calima Energy Limited's Impressive Q3 Performance: Drilling Triumph and Production Surge! #CalimaEnergyLimited (ASX: CE1 / OTCQB: CLMEF) has released its quarterly update for September, showcasing notable achievements in #drilling and #productionadvancements. Calima Energy Limited has demonstrated significant prowess in drilling operations during the third quarter. The Company's strategic approach to drilling activities has not only met expectations but has exceeded them, positioning Calima as a frontrunner in the #energysector. Despite facing a marginal dip in total production, Calima Energy Limited remains resilient in the face of challenges. The third quarter saw a total production of 338,786 barrels of oil equivalent (boe), with 60% comprising oil and #liquidproducts. Visit https://colitco.com/calima-energy-limited-quarterly-update-successful-drilling-and-production-boost-up/

Calima Energy Limited Quarterly Update: Successful Drilling and Production Boost-Up! #CalimaEnergyLimited has recently released its production figures, reporting a total production of 338,786 barrels of #oilequivalent (boe), with 60% of this production attributed to #oil and #liquidproducts. While this production volume represents a slight decrease compared to earlier forecasts, the company remains in a position of strong financial stability. As of September 30th, 2023, Calima Energy Limited boasted a robust financial position, with a net working capital of AUD 5.9 million and a significant cash reserve amounting to AUD 17.3 million. An interesting point of note is that the company did not utilize its #CAD 20 million debt facility, demonstrating prudent #financialmanagement. Furthermore, you can visit here at https://colitco.com/calima-energy-limited-quarterly-update-successful-drilling-and-production-boost-up/