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Lindsay Dudfield, Executive Director and CEO of Jindalee Resources Limited, Executed MOU with POSCO Holdings For Joint Research At McDermitt Lithium Project

JINDALEE RESOURCES LIMITED  (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potenti...
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Calima Energy and Chairman Glenn Whiddon All Set For a Half-Year Dividend Program

 Much of the world’s attention is streamlined towards Western Canada’s unique geographical advantage for oil and natural gas production. The recent years have seen a substantial increase in production, which could be attributed to the prolific formation of Montney. This unconventional resource abundant across the borders of Alberta and British Columbia, has been a source of keen interest for major market players for decades. But only one managed to tap into the region’s full potential, allowing Canadian gas prices to reach an all-time high – Calima Energy.

Following its strong production performance assets, Calima Energy and Chairman Glenn Whiddon are welcoming a half-year dividend program to reflect the underlying value of their assets more accurately.

How are they doing that? Let’s find out!

WHAT YOU NEED TO KNOW ABOUT CALIMA ENERGY IN 2022

CALIMA ENERGY Limited (CE1 ASX), founded in 2005, is a globally renowned Canadian oil and gas company. It is primarily focused on exploring and developing new projects, which span its 60,000 ACRES of drilling rights. Some of its projects include Montney, Thorsby, and Brooks. Calima Energy’s strategic location allows it to tap into the region’s abundant hydrocarbon reserves for LNG export across domestic and international markets.

According to a RECENT COMPANY ANNOUNCEMENT, come the second half of 2022, Calima Energy, under the visionary leadership of Chairman Glenn Whiddon and other senior board members, will target a dividend payout of AUD 2.5 MILLION. This will reflect a half-yearly yield of 2.5% at the current share price.

The company hopes that subsequent dividend distribution will be shaped by energy prices, capital expenditures, maturity, and performance of the current hedge books, which are expected to commence from the end of this year.

Under the CORPORATIONS ACT 2001, Calima Energy also intends to undertake an on-market buy-back of shares up to 10%. The buy-back will last for a 12-MONTH PERIOD. This buy-back does not require the approval of shareholders. Moreover, it is expected to benefit shareholders by improving cash flow per share and return on equity.

However, the actual number of shares to be purchased will be subject to the market conditions, the company’s share prices, and future capital requirements. In response to this announcement, Calima Energy CEO Jordan Kevol said, “Calima’s strong operating performance in the last quarter has contributed to a strong capital position for the company. I look forward to meeting with shareholders during my trip to Australia.”

This Australian roadshow will cover key venues in Sydney, Brisbane, Perth, and Melbourne. Interested shareholders and brokers could register for these investor briefings with the management HERE.

Resource Link

calima energy


Location: Australia

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