Calima Energy Ltd

2015 Cote d'Ivoire shallow water gas prospect

140bcf gas

prospective · P90 60 / P50 140 / P10 140

Valued at: no ownership disclosed

Assume farm-out, keeps%Phase

5 notes for review

no permit recorded for 2015 Cote d'Ivoire shallow water gas prospect
NO STAKE: value shows as zero until ownership is known
gas: high case not stated; set equal to P50
gas: no SPE-PRMS class stated; risked as prospective
NO STAKE: Calima Energy Ltd value shows as zero until a stake is entered

AddaxEstimate

0bcf gas

contingent · P90 0.009 / P50 0.009 / P10 0.009

19mmbbl oil

contingent · P90 19 / P50 19 / P10 19

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 9 -> 0.009 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.009 bcf used for P90/P50/P10
liquids: single estimate 19 mmbbl used for P90/P50/P10

Addax North

198bcf gas

prospective · P90 198 / P50 198 / P10 198

4mmbbl liquids

prospective · P90 4 / P50 4 / P10 4

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 198 bcf used for P90/P50/P10
liquids: single estimate 4 mmbbl used for P90/P50/P10

Aigle

53bcf gas

prospective · P90 53 / P50 53 / P10 53

106mmbbl liquids

prospective · P90 106 / P50 106 / P10 106

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 53 bcf used for P90/P50/P10
liquids: single estimate 106 mmbbl used for P90/P50/P10

AriusEstimate

0bcf gas

prospective · P90 0.114 / P50 0.114 / P10 0.114

227mmbbl oil

prospective · P90 227 / P50 227 / P10 227

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 114 -> 0.114 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.114 bcf used for P90/P50/P10
liquids: single estimate 227 mmbbl used for P90/P50/P10

Autour

21bcf gas

prospective · P90 21 / P50 21 / P10 21

42mmbbl liquids

prospective · P90 42 / P50 42 / P10 42

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 21 bcf used for P90/P50/P10
liquids: single estimate 42 mmbbl used for P90/P50/P10

Bongo

71mmbbl oil

prospective · P90 71 / P50 71 / P10 71

Valued at: no ownership disclosed

Assume farm-out, keeps%Phase

4 notes for review

no permit recorded for Bongo
NO STAKE: value shows as zero until ownership is known
liquids: single estimate 71 mmbbl used for P90/P50/P10
NO STAKE: Calima Energy Ltd value shows as zero until a stake is entered

BubaleEstimate

0bcf gas

contingent · P90 0.043 / P50 0.043 / P10 0.043

14mmbbl oil

contingent · P90 14 / P50 14 / P10 14

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 43 -> 0.043 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.043 bcf used for P90/P50/P10
liquids: single estimate 14 mmbbl used for P90/P50/P10

Bubale North

219bcf gas

prospective · P90 219 / P50 219 / P10 219

4mmbbl liquids

prospective · P90 4.4 / P50 4.4 / P10 4.4

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 219 bcf used for P90/P50/P10
liquids: single estimate 4.4 mmbbl used for P90/P50/P10

Bubale Upper Sand

44bcf gas

prospective · P90 44 / P50 44 / P10 44

2mmbbl liquids

prospective · P90 1.7 / P50 1.7 / P10 1.7

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 44 bcf used for P90/P50/P10
liquids: single estimate 1.7 mmbbl used for P90/P50/P10

Calao

32bcf gas

prospective · P90 32 / P50 32 / P10 32

63mmbbl liquids

prospective · P90 63 / P50 63 / P10 63

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 32 bcf used for P90/P50/P10
liquids: single estimate 63 mmbbl used for P90/P50/P10

Calima

7bcf gas

prospective · P90 7.19 / P50 7.19 / P10 7.19

Valued at: no ownership disclosed

Assume farm-out, keeps%Phase

5 notes for review

no permit recorded for Calima
NO STAKE: value shows as zero until ownership is known
gas: single estimate 7.19 bcf used for P90/P50/P10
gas: no SPE-PRMS class stated; risked as prospective
NO STAKE: Calima Energy Ltd value shows as zero until a stake is entered

ChouetteEstimate

764bcf gas

prospective · P90 764 / P50 764 / P10 764

206mmbbl liquids

prospective · P90 206 / P50 206 / P10 206

Valued at: Calima Energy Ltd 35%ownership as at 2013-01-31Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 764 bcf used for P90/P50/P10
liquids: single estimate 206 mmbbl used for P90/P50/P10

Chouette EastEstimate

0bcf gas

prospective · P90 0.462 / P50 0.462 / P10 0.462

168mmbbl oil

prospective · P90 168 / P50 168 / P10 168

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 462 -> 0.462 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.462 bcf used for P90/P50/P10
liquids: single estimate 168 mmbbl used for P90/P50/P10

CondorEstimate

1bcf gas

prospective · P90 0.999 / P50 0.999 / P10 0.999

20mmbbl oil

prospective · P90 20 / P50 20 / P10 20

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 999 -> 0.999 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.999 bcf used for P90/P50/P10
liquids: single estimate 20 mmbbl used for P90/P50/P10

FauconEstimate

0bcf gas

prospective · P90 0.079 / P50 0.079 / P10 0.079

118mmbbl oil

prospective · P90 118 / P50 118 / P10 118

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 79 -> 0.079 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.079 bcf used for P90/P50/P10
liquids: single estimate 118 mmbbl used for P90/P50/P10

GazelleEstimate

92bcf gas

contingent · P90 47 / P50 92 / P10 92

Valued at: Calima Energy Ltd 74%ownership as at 2014-05-30Permit: GAZELLE

Assume farm-out, keeps%Phase

1 note for review

gas: high case not stated; set equal to P50

Gazelle Downdip

5bcf gas

prospective · P90 5 / P50 5 / P10 5

10mmbbl liquids

prospective · P90 10 / P50 10 / P10 10

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 5 bcf used for P90/P50/P10
liquids: single estimate 10 mmbbl used for P90/P50/P10

Gemini

0bcf gas

prospective · P90 0.301 / P50 0.301 / P10 0.301

0mmbbl oil

prospective · P90 0.168 / P50 0.168 / P10 0.168

Valued at: no ownership disclosed

Assume farm-out, keeps%Phase

7 notes for review

no permit recorded for Gemini
NO STAKE: value shows as zero until ownership is known
gas: single estimate 0.301 bcf used for P90/P50/P10
gas: no SPE-PRMS class stated; risked as prospective
liquids: single estimate 0.168 mmbbl used for P90/P50/P10
liquids: no SPE-PRMS class stated; risked as prospective
NO STAKE: Calima Energy Ltd value shows as zero until a stake is entered

HippoEstimate

0bcf gas

contingent · P90 0.062 / P50 0.062 / P10 0.062

1mmbbl oil

contingent · P90 1 / P50 1 / P10 1

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 62 -> 0.062 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.062 bcf used for P90/P50/P10
liquids: single estimate 1 mmbbl used for P90/P50/P10

Hippo NorthEstimate

0bcf gas

prospective · P90 0.242 / P50 0.242 / P10 0.242

5mmbbl oil

prospective · P90 5 / P50 5 / P10 5

Valued at: Calima Energy Ltd 35%ownership as at 2014-03-11Permit: CI-202

Assume farm-out, keeps%Phase

3 notes for review

LATEST ESTIMATE JUMPED: Gas 242 -> 0.242 bcf vs the previous estimate (2013-06-25) - check units before relying on it
gas: single estimate 0.242 bcf used for P90/P50/P10
liquids: single estimate 5 mmbbl used for P90/P50/P10

Hippo Updip

187bcf gas

prospective · P90 187 / P50 187 / P10 187

4mmbbl liquids

prospective · P90 3.7 / P50 3.7 / P10 3.7

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 187 bcf used for P90/P50/P10
liquids: single estimate 3.7 mmbbl used for P90/P50/P10

ImpalaEstimate

42bcf gas

prospective · P90 42 / P50 42 / P10 42

21mmbbl liquids

prospective · P90 21.3 / P50 21.3 / P10 21.3

Valued at: Calima Energy Ltd 35%ownership as at 2012-09-05Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 42 bcf used for P90/P50/P10
liquids: single estimate 21.3 mmbbl used for P90/P50/P10

Impala Deep

32bcf gas

prospective · P90 32 / P50 32 / P10 32

1mmbbl liquids

prospective · P90 1.3 / P50 1.3 / P10 1.3

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 32 bcf used for P90/P50/P10
liquids: single estimate 1.3 mmbbl used for P90/P50/P10

Impala Updip

10bcf gas

prospective · P90 10 / P50 10 / P10 10

20mmbbl liquids

prospective · P90 20 / P50 20 / P10 20

Valued at: Calima Energy Ltd 35%ownership as at 2012-03-07Permit: CI-202

Assume farm-out, keeps%Phase

2 notes for review

gas: single estimate 10 bcf used for P90/P50/P10
liquids: single estimate 20 mmbbl used for P90/P50/P10

J2J PoolEstimate

0mmbbl oil

prospective · P90 0.15 / P50 0.15 / P10 0.15

Valued at: Calima Energy Ltd 94%ownership as at 2022-03-04Permit: BROOKS

Assume farm-out, keeps%Phase

2 notes for review

liquids: single estimate 0.15 mmbbl used for P90/P50/P10
liquids: no SPE-PRMS class stated; risked as prospective

Ruby

185bcf gas

contingent · P90 185 / P50 185 / P10 185

Valued at: no ownership disclosed

Assume farm-out, keeps%Phase

4 notes for review

no permit recorded for Ruby
NO STAKE: value shows as zero until ownership is known
gas: single estimate 185 bcf used for P90/P50/P10
NO STAKE: Calima Energy Ltd value shows as zero until a stake is entered

StarfishEstimate

645mmbbl oil

prospective · P90 645 / P50 645 / P10 645

Valued at: Calima Energy Ltd 12.5%ownership as at 2013-06-25Permit: STARFISH-1

Assume farm-out, keeps%Phase

1 note for review

liquids: single estimate 645 mmbbl used for P90/P50/P10

ThorsbyEstimate

1bcf gas

prospective · P90 0.543 / P50 0.543 / P10 0.543

0mmbbl oil

prospective · P90 0.318 / P50 0.318 / P10 0.318

Valued at: Calima Energy Ltd 100%ownership as at 2021-08-26Permit: THORSBY

Assume farm-out, keeps%Phase

4 notes for review

gas: single estimate 0.543 bcf used for P90/P50/P10
gas: no SPE-PRMS class stated; risked as prospective
liquids: single estimate 0.318 mmbbl used for P90/P50/P10
liquids: no SPE-PRMS class stated; risked as prospective

Tommy LakesEstimate

0bcf gas

contingent · P90 0.21330000000000002 / P50 0.21330000000000002 / P10 0.21330000000000002

Valued at: Calima Energy Ltd 100%ownership as at 2023-03-30Permit: TOMMY LAKES

Assume farm-out, keeps%Phase

2 notes for review

LATEST ESTIMATE JUMPED: Gas 748.488 -> 0.2133 bcf vs the previous estimate (2023-03-21) - check units before relying on it
gas: single estimate 0.2133 bcf used for P90/P50/P10

What it holds, and what it is worth

Leverage per instrument