Kallisto Energy Corp. expected to report Q1 2013 results on May 24, 2013. This event was calculated by Capital IQ (Created on April 16, 2013).

Kallisto has signed an agreement with its banker pursuant to which the company's credit facility increased from $8.8 million to $10.1 million. The borrowing base on the increased line has been set at $8.5 million, an increase of $2.0 million. The agreement provides for additional increases in the borrowing base through April 2013 conditional on the Company achieving predetermined production levels. The company reported production results for the month of December 2012. Field production for the month was approximately 340 boe per day, including approximately 220 bbls of oil and liquids.

Kallisto Energy Corp. announced that wells three and four of the planned water-flood scheme at Pembina, Alberta have been drilled, completed and placed on production. The horizontal wells, located at 102/04-04-048-03 W5M and 100/05-04-048-03 W5M, were completed using multi-stage fracture stimulations. The drilling of the first two wells of the water-flood scheme was announced on August 13, 2012. Production from the four new horizontal wells is in line with historical performance from previous wells. Kallisto now has an interest in twelve producing Cardium oil wells at Pembina. The water-flood scheme is expected to result in the drilling of a total of five horizonal oil wells in section 4-048-03 W5M, four in 2012 (which have now all been drilled, completed and are on production) and one in 2013, bringing the total number of wells in the section to seven. The new wells are expected to be produced through the 5% royalty period for horizontal oil wells (the earlier of two years or 60,000 bbls). Three of the seven wells in the section will be converted to water injection wells; the first well in fourth quarter of 2012 and the next two wells in 2014/2015. Kallisto's share of the water-flood project costs is estimated to be approximately $4.2 million.