Coelacanth Announces Q1 2025 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 29, 2025) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended...
2025-05-29 6:00 AM EDT
Coelacanth Announces Q4 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - April 24, 2025) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2024. All dollar figures are Canadian dollars unless otherwise noted.2024 HIGHLIGHTSDrilled and completed three Lower Montney wells and completed a previously drilled Upper Montney well on its 5-19 pad at Two Rivers East. Average test production from the three Lower Montney wells...
2025-04-24 6:00 AM EDT
Coelacanth Announces 2024 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - April 24, 2025) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its 2024 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2024 (the "GLJ Report" or the "Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted.IntroductionDuring 2024, Coelacanth drilled an additional 3 Lower Montney wells on its...
2025-04-24 6:00 AM EDT
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - January 20, 2025) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,877,378 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 2,657,622 Common Shares to certain of its directors...
2025-01-20 4:46 PM EST
Coelacanth Energy Inc. Announces Operations Update
Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 additional wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Upper Montney well on the 5-19 pad.LOWER MONTNEYThe 3 new Lower Montney wells (F5-19, G5-19, H5-19) were drilled with an average horizontal length of 3,285 metres and completed with approximately 2.5 tons of sand per horizontal metre. The wells...
2024-12-03 6:00 AM EST
Coelacanth Announces Q3 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 21, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. All dollar figures are Canadian dollars unless otherwise noted.FINANCIAL RESULTS Three Months Ended
2024-11-21 6:00 AM EST
Coelacanth Energy Inc. Announces $52 Million Revolving Bank Credit Facility and Fall Drilling Program
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has secured a $52 million bank credit facility and has commenced a 4-well drilling program at Two Rivers East.TWO RIVERS EAST PROJECTCoelacanth has commenced drilling on the 5-19 Pad at Two Rivers East with the first well spud on September 1st. The complete program consists of drilling and completing 3 Lower Montney wells, completing 1 previously drilled Upper Montney...
2024-10-07 6:00 AM EDT
Coelacanth Announces Q2 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 29, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. All dollar figures are Canadian dollars unless otherwise noted.FINANCIAL RESULTSThree Months Ended
2024-08-29 6:00 AM EDT
Coelacanth Energy Inc. Announces Receipt of All Regulatory Approvals for Two Rivers East and Finalization of Midstream Processing Agreement
Calgary, Alberta--(Newsfile Corp. - July 2, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has received all regulatory approvals to construct infrastructure for its Two Rivers East Project and has finalized its previously announced processing agreement with NorthRiver Midstream Inc. ("NRM").TWO RIVERS EAST PROJECTThe Company has obtained all regulatory approvals to construct a new battery facility ("Facility") at Two Rivers East designed for gas compression/dehydration, oil treating and water handling, plus gathering and transport...
2024-07-02 6:00 AM EDT
Coelacanth Announces Q1 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 30, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2024. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended...
2024-05-30 6:00 AM EDT
Coelacanth Announces 2023 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its 2023 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2023 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted.IntroductionDuring 2023, Coelacanth completed successful Montney pad wells at both Two Rivers West and Two...
2024-04-18 6:00 AM EDT
Coelacanth Announces Q4 2023 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2023. All dollar figures are Canadian dollars unless otherwise noted.2023 HIGHLIGHTSDrilled five wells on its 5-19 pad at Two Rivers East. Four wells (three Lower Montney and one Basal Montney) were completed in Q4 2023. Combined test production from the three Lower...
2024-04-18 6:00 AM EDT
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - March 15, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,885,634 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,942,816 Common Shares to certain of its directors...
2024-03-15 4:43 PM EDT
Coelacanth Energy Inc. Announces Capital Budget & Operations Update
Calgary, Alberta--(Newsfile Corp. - March 7, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its Board of Directors has approved a capital budget ("Budget") of up to $128 million to be invested in 2024 and Q1 2025. Substantially all of the Budget will be spent at Two Rivers where Coelacanth is developing its large Montney acreage position. Approximately $80 million is to be invested in infrastructure at Two Rivers East where the Company...
2024-03-07 6:00 AM EST
Coelacanth Energy Inc. Announces Operations Update
Calgary, Alberta--(Newsfile Corp. - January 18, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Basal Montney well on the 5-19 pad.LOWER MONTNEYThe 3 Lower Montney wells (C5-19, D5-19, E5-19) were drilled with an average horizontal length of 3,140 metres and completed with approximately 2.5 tonnes of sand per horizontal metre. Drilling and completion costs...
2024-01-18 6:00 AM EST
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 2,101,800 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,050,900 Common Shares to certain of its directors...
2023-12-01 4:21 PM EST
Coelacanth Announces Q3 2023 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 17, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2023. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSCompleted two Upper Montney wells on its 10-08 pad at Two Rivers West.Drilled five wells on its 5-19 pad at Two Rivers East. Four wells (three Lower Montney and one Basal Montney) are expected...
2023-11-17 6:00 AM EST
Coelacanth Energy Announces Private Placement for Aggregate Proceeds of $1.5 Million
Calgary, Alberta--(Newsfile Corp. - November 15, 2023) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") of 1,875,000 units of the Company ("Units"), at a price of $0.80 per Unit, for aggregate proceeds of $1,500,000. The Offering will be restricted to three key employees being the 2 newly promoted Officers of Coelacanth (Chief Operating Officer and VP Drilling & Completions) plus the...
2023-11-15 6:13 PM EST
Coelacanth Energy Announces Completion of its $80 Million Bought Deal Financing
Calgary, Alberta--(Newsfile Corp. - November 15, 2023) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that, further to its press release dated October 23, 2023, it has closed its previously announced bought-deal financing (the "Bought-Deal Financing") of 100,000,000 units of the Company (the "Units") at a price of $0.80 per Unit for gross proceeds to the Company of $80 million. The syndicate of underwriters was led by Haywood Securities Inc., as sole bookrunner, and included Eight Capital,...
2023-11-15 8:48 AM EST
Coelacanth Energy Inc. Announces Operations Update
Calgary, Alberta--(Newsfile Corp. - October 23, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed 2 wells at Two Rivers West and has finished the drilling of a 5-well pad at Two Rivers East. TWO RIVERS WEST PROJECTCoelacanth has completed the 2 Upper Montney wells on its 10-08 pad at Two Rivers West and recently placed the first well (C10-08) on production at a rate of 542 boe/d comprised of 225 bbls/d...
2023-10-23 6:00 AM EDT