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Coelacanth Energy Inc. V.CEI

Alternate Symbol(s):  CEIEF

Coelacanth Energy Inc. is a Montney-focused oil and natural gas exploration and development company, with lands located in the Two Rivers area of northeastern British Columbia. Coelacanth owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified 8.9 billion bbls of Original Oil in Place (OOIP) and 8.6 tcf of Original Gas in Place across these lands.


TSXV:CEI - Post by User

Comment by TouchDown12on Dec 09, 2021 10:15am
169 Views
Post# 34214217

RE:News out this morning

RE:News out this morningGood Morning LoonieTunes! Yes a very good Christmas present from LXE - and I think a gift that will keep on giving on Q1 '22 (Q4 and new Reserve Report). Given production and cash on hand, i am predicting that LXE drills Phase II and Phase III; exits '22 at 12-13k/day (5k/day currently); and remains debt free. I maybe wrong but that should add 1.) proof of production model (payout): 2.) Production mix (Oil/Gas/NGL); 3.) extensive upgrade of reserve additions (real estate); balance sheet strenght (no debt); and production growth (30k/day in three years from Dec. '22 OR earlier). This could be the next SDE/KELT in their very early days. GLTA TD12
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