Calima Energy Ltd

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Market Cap:
$15.45 m
0.01 AUD
52 weeks high
52 weeks low

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.



The Lower Triassic Montney Formation of Alberta and British Columbia (BC) has been the target of oil and gas exploration since the 1950s. Until recently most of the investment was directed towards conventional sandstone and dolostone reservoirs, however there is also a considerable thickness of siltstone, saturated with oil and gas, which cannot be developed using conventional technology.  With recent advances in horizontal drilling, multi-stage hydraulic fracturing and completion design it has become possible to develop these siltstones and as a consequence the Montney has become the most active oil and gas play in Canada and one of the most attractive plays in North America.

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Calima owns 50% and is the operator of four offshore PSCs awarded by the Saharawi Arab Democratic Republic (SADR), which is more commonly known as Western Sahara. The four PSCs are called the Daora, Haouza, Mahbes and Mijek permits, and cover an area in excess of 70,000 sqkm.

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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%.

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Last updated 9th June 2020


Mr Whiddon has an extensive background in equity capital markets, banking and corporate advisory, with a specific focus on natural resources. Mr Whiddon holds a degree in Economics and has extensive corporate and management experience. He is currently Director of a number of Australian and international public listed companies in the resources sector.

Mr Whiddon was formerly Executive Chairman, Chief Executive Officer and President of Grove Energy Limited, a European and Mediterranean oil and gas exploration and development company, with operations in Italy, Romania, Slovenia, Tunisia and the UK and Dutch North Seas. In 2002 Grove’s Market capitalisation was less than C$5 million. In April 2007, Grove was acquired by Stratic Energy Limited, a TSX-listed oil and gas company, for C$150 milliion.

Mr Whiddon is currently a director of Auroch Minerals Limited and Statesman Resources Limited.


Dr Stein has more than 25 years’ experience in the international oil and gas industry. He was one of the founding partners of the geoscience consultancy IKODA Limited based in London and Perth and was the founding Managing Director of Fusion Oil & Gas plc and Ophir Energy plc. Fusion was listed on the UK AIM market in 2000 and made several discoveries offshore Mauritania before being sold in 2003. In early 2004, following the sale of Fusion, Dr Stein, together with Mr Jonathan Taylor, was one of the two founding executive directors of Ophir Energy plc. He held the position of Managing Director until 2011. Ophir was involved in several discoveries offshore Equatorial Guinea and Tanzania discovering more than 18 trillion cubic feet of gas.

Dr Stein is currently the Non-Executive Chairman of Hanno Resources Ltd and Sea Captaur Limited and is a Non-Executive Director of Bahari Holding Company Limited.


Member of the Audit & Risk Committee and Remuneration Committee

Mr Hackett holds a Bachelor of Economics from the University of Western Australia, Post-graduate qualifications in Applied Finance and Investment, and is a Graduate (Order of Merit) with the Australian Institute of Company Directors.

Mr Hackett is currently Non-executive Chairman of Australian Securities Exchange listed entity Ardiden Ltd (ADV), and previous NED of African Chrome Fields Ltd (ACF), Modun Resources Ltd (MOU)  and has held various ASX Company Secretary positions including Sundance Resources Ltd, Ampella Mining Ltd, and ThinkSmart Ltd. Mr Hackett is currently Chairman of WA State Government peak cycling organisation West Cycle Inc and company secretary of industrial footwear manufacturer Steel Blue Pty Ltd.


Mr Lawrence is a 15-year veteran of the oil and gas industry and holds a Master of Petroleum Engineering, a Bachelor of Engineering (Mining) and Bachelor of Commerce (Finance) from Curtin University in Western Australia. Mr Lawrence worked with Apache Energy for over eight years, performing roles in drilling engineering, reservoir engineering, project development and commercial management and has held senior roles in the commercial, financial and corporate arenas with various ASX listed public companies.


A Chartered Accountant with more than 20 years’ experience in corporate finance and the resources industry. He has experience in strategic planning, business development,  mergers and acquisitions, North American gas commercialisation, and project development general management. Mr Freeman has worked with a number of successful public resource companies and since 2015 has been providing strategic advice to TSV Montney Limited.  A graduate of the University of Western Australia with a Bachelor of Commerce Mr Freeman also holds a Graduate Diploma in Applied Finance from the Securities Institute of Australia.

Last updated 9th June 2020

Suite 4, 246-250 Railway Parade
West Leederville WA 6007

Tel: +61 8 6500 3270
Fax: +61 8 6500 3275