“So the de-risking of the top two zones allows us to, what we predict, go to 50,000 boe per day, and then hold that flat for a long period of time. What we need to do now is take the other zones and apply more work and more capital to those,” said Coelacanth Energy president and CEO Rob Zakresky.
Coelacanth Energy (TSXV:CEI) is targeting an eventual production ramp up to 50,000 barrels of oil equivalent (boe) per day as more zones at its Montney oil and gas project in BC, Canada, continue to be de-risked, according to the company’s president and CEO, Rob Zakresky
“So the de-risking of the top two zones allows us to, what we predict, go to 50,000 boe per day, and then hold that flat for a long period of time. What we need to do now is take the other zones and apply more work and more capital to those … And as we see the 500 locations today, that may expand over a period of time and change how we develop the asset.”
In the near term, Zakresky said the company has several wells ready for production, following the recent completion of a production facility, allowing a systematic ramp up to about 7,000 to 8,000 boe per day by October. He noted that future growth to 16,000 boe per day over the next couple of years would depend largely on commodity prices and available capital.
“You will need cashflow for drilling, and central commodity prices will help that. But there's nothing else that will stop that development. Wells are currently (coming on) well north of 1,000 barrels a day. So to go from 7,000 to 8,000 to 16,000 is actually not that big of a program.”
Early milestones also helped define the company's trajectory, including the successful drilling and testing of drill pads at Two Rivers, as well as gathering critical core and pressure data throughout the Montney block.
Watch the full interview with Coelacanth Energy President and CEO Rob Zakresky above.
Clem Chambers, CEO of aNewFN.com, shares his outlook for gold and silver.
He also shares his thoughts on the broader US economy.
"We're in an elevated inflationary situation, QE is coming, interest rates are coming down, the dollar's going to fall hard and precious metals are going to go up," Chambers emphasized.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Mart Wolbert, analyst at Contrarian Codex, is seeing a uranium mindset shift as more investors take stock of the growing supply/demand imbalance in the market.
He explains how he's approaching uranium stocks and shares his price outlook.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Jaime Carrasco, senior portfolio manager and senior financial advisor at Harbourfront Wealth, shares his thoughts on gold and silver, saying it's important to keep the big picture in mind.
"In a nutshell, we're going back to ... sound money — money not backed by the word of a politician and bankers, but by something sound like gold, which (has been) money for 4,000 years," he said.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
James Henry Anderson, senior market analyst at SD Bullion, discusses the factors behind gold and silver's recent price moves, saying a restructuring of the system is taking place.
"We're not that far in terms of the psychology that it requires to really break and get really massive flows, and people really afraid of what that currency's value is going to be," he said.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
It's been a historic week for precious metals, with gold nearly hitting the US$3,600 per ounce mark, and silver passing US$41 per ounce for the first time since 2011.
The gold price spent the summer in a consolidation phase, and part of what's spurring its latest move is expectations that the US Federal Reserve will lower interest rates at its next meeting.
The central bank has held rates steady since December 2024, even as President Donald Trump places increasing pressure on Fed Chair Jerome Powell to cut.
Powell's August 22 speech in Jackson Hole, Wyoming, began stoking anticipation of a cut, and August US jobs data, released on Friday (September 5), has all but guaranteed it will happen.
Non-farm payrolls were up by 22,000, significantly lower than the 75,000 expected by economists. Meanwhile, the country's unemployment rate came in at 4.3 percent.
CME Group's (NASDAQ:CME) FedWatch tool now shows a 90.2 percent probability of a 25 basis point rate cut in September, with a 9.8 percent probability of a 50 basis point reduction.
Bond market turmoil also helped move the gold price this week.
Yields for 30 year US bonds rose to nearly 5 percent midway through the period, their highest level since mid-July, on the back of a variety of concerns, including tariffs, inflation and Fed independence.
Globally the situation was even more tumultuous, with 30 year UK bond yields reaching their highest point since 1998; meanwhile, 30 year bond yields for German, French and Dutch bonds rose to levels not seen since 2011. In Japan, 30 year bond yields hit a record high.
Tariff developments have also created uncertainty this past week.
After an appeals court upheld a ruling that many of Trump's tariffs are illegal, the president's administration asked the Supreme Court to fast track its review of the decision.
Going back to gold and silver, their recent price activity is certainly raising questions about what's next. The broad consensus among the experts focused on the sector is positive, but the metals are beginning to get more mainstream attention too.
Notably, investment bank Goldman Sachs (NYSE:GS) now has a gold price prediction of US$4,000 by mid-2026, although the firm notes that the yellow metal could rise to nearly US$5,000 if just 1 percent of private investors shift from treasuries to gold.
"If 1 per cent of the privately owned US Treasury market were to flow to gold, the gold price would rise to nearly $5,000 per troy ounce" — Daan Struyven, Goldman Sachs
It's been a short week, at least in North America, so instead of the usual news stories this bullet briefing will highlight a couple of my favorite recent interviews.
First is Ken Hoffman of Red Cloud Securities. It was my first time speaking with Hoffman, and he made a compelling case for how gold could get to US$10,000.
Watch the full interview with Hoffman above.
Next is John Hathaway of Sprott. He shared what he thinks will be the trigger for gold's next move higher — a major decline in equities — but he also discussed his bullish outlook on silver, which moved past US$40 not long after our interview.
Watch the full interview with Hathaway above.
We're definitely entering uncharted territory right now, and I want to make sure I bring you commentary from the experts you want to hear from — drop a comment below to let me know who you'd like me to talk to, and also what questions you have.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.
And don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
