Australia's Calima Energy climbs on starting drilling campaign at Canada project
06/01/2022 03:04
** Shares of energy co Calima Energy CE1.AX climb as much
as 7.1% to A$0.225, their highest since Nov. 11, 2021
** Co begins its initial 2022 oil and gas drilling campaign
in the Brooks area in Canada urn:newsml:reuters.com:*:nASX52xVYV
** Says current commodity prices continue to provide
"excellent returns" on existing and future production
** Says it plans an active drilling program for 2022 and is
currently reviewing its budget and operating schedule
** Shares mark their biggest intraday percentage gain since
Dec. 17, 2021
** CE1 stock gained about 31.2% in 2021
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))