Major Projects set to Boost Demand for Montney Producers

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Highlights:

Calima has undertaken a strategic review of developments in the western Canadian energy sector relevant to the Montney Formation in Western Canada
Montney production is estimated to reach 10 bcfe/d during 2019 which is an increase of 16% (14% gas and 26% liquids) over last year
The review has identified more than 10 bcfe/d (90% gas and 10% liquids) of new demand from projects which include;
- Trans Mountain Pipeline expansion
- LNG projects in British Columbia and Nova Scotia
- Coal to gas and renewables substitution in Alberta
- NGL export facilities
The additional demand from these new projects should have a positive impact upon Montney producers and demand for acreage

To view the ASX announcement click here


Alan Stein	Jonathan Taylor	Glenn Whiddon
Managing Director	Technical Director	Chairman
E: astein@calimaenergy.com	E: jtaylor@calimaenergy.com	E: glenn@lagral.com
T: +61 8 6500 3270	T+ 44 77391 77805	T: +61 0 410 612 920

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Calima Energy Limited · 1A/1 Alvan Street · Subiaco · Perth, WA 6008 · Australia