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 8,634,250 common shares of the Corporation and to the granting of restricted share units under its restricted share unit plan to obtain up to an aggregate of 5,369,500 Common Shares . All of the Options are exercisable for a period of five years at a [...]
Coelacanth Energy Inc. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 296% to 3,280 boe/d in Q3 2025 from 829 boe/d in Q3 2024. Increased oil and natural gas sales 381% to $11.4 million in Q3 2025 from $2.4 million in Q3 2024. Subsequent to [...]
Coelacanth Energy Inc. is pleased to provide the following update: BANK CREDIT FACILITY Coelacanth has signed an agreement to increase its bank credit facility from $52 million to $80 million with closing expected in mid-November. The Company estimates net bank debt relative to the credit facility to be $43 million as at September 30, 2025. The additional liquidity provided will be used, in part, to fund the fall drilling [...]
Coelacanth Energy Inc. is pleased to announce that it has engaged the services of ICP Securities Inc. to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and [...]
Coelacanth Energy Inc. is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended Six Months Ended June 30 June 30 2025 2024 % Change 2025 2024 % Change Oil and natural gas sales 4,828 3,164 53 7,494 6,830 10 Cash flow from operating activities 280 2,776 Per share - basic [...]
Coelacanth Energy Inc. has provided an Operations Update, Reserve Report, and Resource Report. OPERATIONS UPDATE Coelacanth completed and commissioned its new battery facility in early June and subsequently started to systematically place the 9 previously drilled Montney wells from the 5-19 pad on production. Although Coelacanth has chosen to moderate the pace of wells brought on-stream because of low natural gas prices [...]
Coelacanth Energy Inc. 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 March 31 2025 2024 % Change Oil and natural gas sales 2,666 3,666 Cash flow from operating activities 981 3,256 Per share - basic and diluted - 0.01 Adjusted funds flow 1,078 Per share - basic and [...]
Coelacanth Energy Inc. 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 HIGHLIGHTS Drilled 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 was 1,624 [...]
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 [...]