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The Markets
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Oil & Gas

Calima Energy to hold investor briefing event on Monday, 30th May in Subiaco

Calima will roll out a half-yearly dividend program, following the strong performance of its production assets during the 2021 and 2022 development drilling program as well as increasing energy prices.

Calima Energy Ltd (ASX:CE1) will hold an investor briefing event on Monday, 30 May at Subiaco Hotel in Hay Street, Subiaco, Western Australia.

Presentees include CEO Jordan Kevol, chairman Glenn Whiddon and finance director Mark Freeman.

Refreshments and canapes will be served at the event which will start at 4 pm. Please RSVP your attendance to evy@resolveir.com

‼️ #PERTH #Investors, #Brokers and #Shareholders

Join our Investor Briefing event on Monday, 30 May at #TheSubiacoHotel, Subiaco commencing at 4pm

???????? Presentation, refreshments & canapes served#RSVP essential ???? evy@resolveir.com #CE1 $CE1 pic.twitter.com/5jwdipHTo9

— Calima Energy (@CalimaEnergy) May 25, 2022

Calima recently decided to roll out a half-yearly dividend program, following the strong performance of its production assets during the 2021 and 2022 development drilling program as well as increasing energy prices.

The initial dividend will total A$2.5 million, reflecting a half-yearly yield of 2.4% at the current share price.

CEO Jordan Kevol said earlier this week: “Calima’s strong operating performance in the last quarter, combined with the reduction in bank indebtedness and the outlook for the remainder of the year, has contributed to a strong capital position for the company, allowing us to announce this dividend and buy-back program,".

"I am looking forward to meeting shareholders during my trip to Australia commencing May 25, 2022."

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