Coelacanth Energy Inc.

Coelacanth Energy Inc. is pleased to announce its 2024 year-end reserves as independently evaluated by GLJ Ltd. effective December 31, 2024 , in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2024, Coelacanth drilled an additional 3 Lower Montney wells on its 5-19 pad and started the [...]

Coelacanth Energy Inc. announces that its board of directors approved the granting of incentive stock options under its stock option plan to acquire up to an aggregate of 3,877,378 common shares of the Corporation and the granting of restricted share units under its restricted share unit plan to obtain up to an aggregate of 2,657,622 Common Shares to certain of its directors and officers. It has also approved the granting [...]

Coelacanth Energy Inc. 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 MONTNEY The 3 new Lower Montney wells 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 were placed on test for clean-up for an [...]

Coelacanth Energy Inc. 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 Nine Months Ended September 30 September 30 2024 2023 % Change 2024 2023 % Change Oil and natural gas sales 2,362 679 248 9,192 2,459 274 Cash flow used in operating activities 46 Per [...]

Coelacanth Energy Inc. 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 PROJECT Coelacanth 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 well, and [...]

Coelacanth Energy Inc. 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 RESULTS Three Months Ended Six Months Ended June 30 June 30 2024 2023 % Change 2024 2023 % Change Oil and natural gas sales 3,164 826 283 6,830 1,780 284 Cash flow from operating activities 765 2,776 Per share - basic [...]

Coelacanth Energy Inc. 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. . TWO RIVERS EAST PROJECT The Company has obtained all regulatory approvals to construct a new battery facility at Two Rivers East designed for gas compression/dehydration, oil treating and [...]

Coelacanth Energy Inc. 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 March 31 2024 2023 % Change Oil and natural gas sales 3,666 954 284 Cash flow from operating activities 3,256 Per share - basic and diluted 0.01 100 Adjusted funds flow 1,078 Per share - basic and [...]

Coelacanth Energy Inc. is pleased to announce its 2023 year-end reserves as independently evaluated by GLJ Ltd. effective December 31, 2023 , in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2023, Coelacanth completed successful Montney pad wells at both Two Rivers West and Two Rivers East [...]

Coelacanth Energy Inc. 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 HIGHLIGHTS Drilled five wells on its 5-19 pad at Two Rivers East. Four wells were completed in Q4 2023. Combined test production from the three Lower Montney wells was 4,015 boe/d . Completed two Upper Montney wells on [...]