Calima Energy Limited (ASX:CE1)
Calima is a public company listed on the ASX (ASX:CE1). The principal activity of Calima is investing in oil and gas exploration and production projects internationally.
In August 2017 Calima completed a transaction with Havoc Partners LLP, acquiring a suite of oil and gas assets. As part of the transaction the principals of Havoc joined Calima as the management team and two of the Havoc partners, Alan Stein and Jonathan Taylor joined the Board as Managing Director and Technical Director respectively.
Calima has entered into a farmin agreement in relation to oil and gas licences prospective for the Montney Formation in British Columbia, Canada. The Farm-in Agreement gives Calima the right to acquire a working interest of up to 55% in the Montney Project and operatorship of the Project.
As part of the transaction with Havoc, Calima acquired interests in petroleum permits in the Saharawi Arab Democratic Republic (Western Sahara) and a passive, minority interest in TMK-Montney Ltd and Bahari Holding Company Limited.