Calima Energy has responded to an Australian Securities Exchange (ASX) query concerning its director's share acquisition.

The ASX sought clarification on whether the director had sought clearance to trade in the company's securities and if clearance was given.

It was confirmed that the director did seek clearance but due to a misunderstanding, he believed clearance was provided when it was not.

The event was described as "an inadvertent oversight," not an attempt to circumvent policies.

It was also noted that the acquisition did not comply with certain sections of the company's Securities Trading Policy due to the communication error.

The company reassured that the current regulatory arrangements are adequate and well-enforced, while also confirming future full compliance with its Securities Trading Policy.