Coelacanth Energy Inc.

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 [...]

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 3,885,634 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 1,942,816 Common Shares to certain of its directors and officers. It has also approved the granting [...]

Coelacanth Energy Inc. announces that its Board of Directors has approved a capital 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 had previously announced its successful first pad [...]

Coelacanth Energy Inc. 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 MONTNEY The 3 Lower Montney wells 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 came in slightly under budget at [...]

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 2,101,800 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 1,050,900 Common Shares to certain of its directors and officers. It has also approved the granting [...]

Coelacanth Energy Inc. 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. HIGHLIGHTS Completed 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 are expected to be completed in Q4 2023. Subsequent to September 30, 2023 [...]

Coelacanth Energy Inc. is pleased to announce that it intends to complete a non-brokered private placement offering of 1,875,000 units of the Company , 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 plus the recently hired Manager, Production. Each Unit consists of one common share in the capital [...]

Coelacanth Energy Inc. is pleased to announce that, further to its press release dated October 23, 2023, it has closed its previously announced bought-deal financing of 100,000,000 units of the Company 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, Cormark Securities Inc., ATB [...]

VANCOUVER, BC, Oct. 23, 2023 /CNW/ - Trading resumes in: Company: Coelacanth Energy Inc. TSX-Venture Symbol: CEI All Issues: Yes Resumption : 8:00 AM 10/24/2023 CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment [...]

Coelacanth Energy Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters , led by Haywood Securities Inc., as sole bookrunner , pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis: 100 million units of the Company consisting of one common share in the capital of the Company and one third of one Common Share purchase [...]