Calima to acquire Canadian oil producer

Australian junior believes it can lift output from Albertan assets to 5500 boepd by 2022 with the drilling of 24 "low risk" wells

Canadian acquisition: Calima has struck a deal that will see it merge with Alberta oil producer Blackspur
Canadian acquisition: Calima has struck a deal that will see it merge with Alberta oil producer BlackspurPhoto: AFP/SCANPIX
Published 26 February 2021, 02:34Updated 26 February 2021, 02:34