The Montney Project is comprised of approximately 72,000 gross acres prospective for the Montney Formation in British Columbia, North America.
The Montney Formation is a pervasive hydrocarbon system over 100km wide that is rapidly emerging as one of North America’s premier resource plays. The ultimate potential commercial volumes of unconventional petroleum in the Montney Formation is estimated to be 449 tcf of natural gas, 14.5 bnbbls of natural gas liquids and 1.1 bnbbls of oil (National Energy Board of Canada, 2013).
In August 2018, Calima Energy successfully completed the takeover of joint venture partners TSV Montney and TMK Montney, resulting in the consolidation of asset ownership giving Calima 100% working interest. Following completion of a successful capital raising process, Calima will now embark on a three well drilling campaign to validate acreage quality.
Calima Energy owns an 8.5% equity interest in Bahari Holding Company Limited which, holds a 40% interest in a Production Sharing Contract covering Blocks 35,36 and 37 offshore the Union of the Comoros in the Indian Ocean. Bahari is in a joint venture with UK based Discover Exploration Limited (“Discover”) who owns the remaining 60%.
Oil and Gas Exploration and Production
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