
November 05, 2024
Coelacanth Energy (TSXV:CEI) is a junior oil and natural gas exploration and development company exploring the prolific Montney region in northeastern British Columbia, Canada. Coelacanth is strategically positioned to harness the potential of one of the most resource-rich natural gas basins in North America with a substantial landholding of approximately 150 net sections in the Two Rivers area of Montney.
The company is in the process of deploying $ 80 million to facilitate the smooth transition from exploration to production. Coelacanth’s financial health is further evidenced by its $64.4 million in working capital as of Q2 2024.
Coelacanth’s landholdings are strategically located in the Two Rivers area of Montney, giving it access to a highly productive portion of the basin. Unlike many junior exploration companies, Coelacanth is drill-ready, positioning it favorably among its peers. By securing significant infrastructure and landholdings, Coelacanth ensures its ability to tap into the natural gas and oil resources that lie beneath its properties, a key advantage in the competitive Montney region.
Company Highlights
- The company holds approximately 150 net sections of land in the Two Rivers area, a prolific oil and liquids rich natural gas region.
- Coelacanth is fully permitted and financially secure, with $64.4 million in working capital as of Q2 2024 and a $52 million credit facility with its main lender.
- The company is spending approximately $80 million to construct pipeline and facility infrastructure to bring production on in April 2025.
- The company’s strategic location in Montney places it near major producers like ARC Resources, Tourmaline Oil Corp, Shell, and ConocoPhillips.
- Two Rivers East, its primary project, boasts 1,532 (thousand barrels of oil equivalent) mboe per well in proved and probable reserves.
This Coelacanth Energy profile is part of a paid investor education campaign.*
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19 June
Coelacanth Energy
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Light oil & Natural gas exploration and production in the prolific Montney region in British Columbia
27 August
Coelacanth Energy Inc. Announces Operations Update, Revised Reserve Report and Initial Resource Report
Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) ("Coelacanth" or the "Company") 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... Keep Reading...
27 August
Coelacanth Announces Q2 2025 Financial and Operating Results
Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) ("Coelacanth" or the "Company") 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... Keep Reading...
29 May
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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 March 31 ($000s, except... Keep Reading...
24 April
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