Calima Energy Limited has awarded contracts for drilling and directional services to Precision Drilling Corporation (“Precision”). Delivery of the Precision Drilling Rig 379 is scheduled for mid-December 2018. This rig is currently working for some of the largest Montney operators in northeast British Columbia. Its successful track record in drilling horizontal and vertical wells in the Montney was a significant factor in the rig selection process.

Calima owns 72,014 acres of drilling rights in northeast British Columbia which are considered to be prospective for the prolific Montney Formation. The Company will be drilling three wells commencing in December 2018. The first will be a vertical well designed to calibrate stratigraphy and collect core samples. The second and third wells will have 2,500 m horizontal sections which will be stimulated and placed on extended production tests.

Kevin Neveu, Precision’s CEO commented:
“Precision has built its reputation in North America’s unconventional basins by consistently providing High Performance, High Value services to customers such as Calima. We are pleased to be working with Calima with Rig 379 and our Integrated Directional Drilling services, a combination we believe will deliver maximum efficiency for Calima in its Montney drilling program. Precision is excited to be chosen by Calima as the Drilling and Directional Drilling Contractor for their inaugural drilling program in their Montney acreage and we look forward to being a part of their long-term success”

Alan Stein, Calima’s Managing Director commented:
“We are delighted to have been able to secure Rig 379 from Precision Drilling. The track record of Precision Rig 379 was an important part of the rig selection process. The operational schedule remains on track to start drilling before the end of the year.”