EXPLORING THE MONTNEY FORMATION

Coelacanth Energy Inc. owns approximately 140 (net) sections of Montney acreage in the Two Rivers region and has identified 8.9 billion bbls of Original Oil in Place and 8.6 tcf of Original Gas in Place across these lands.

Bullboard - Investor Discussion Forum Coelacanth Energy Inc. V.CEI

Alternate Symbol(s): CEIEF

Energy Oil & Gas E&P

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... see more

TSXV:CEI - Post Discussion

Coelacanth Energy Inc. > aq

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Post by Jary89 on Mar 28, 2022 10:22am

aq

This is the first company I've held that has been acquired. Can somebody please educate me what happens if I don't sell?

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Comment by loonietunes on Mar 28, 2022 10:33am

You wait till it closes at the end of May to get your cash and spinco. Then wait some more?

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Comment by CoreyB on Mar 28, 2022 3:57pm

Following up on this, as any companies I have owned that were bought out were straight share swaps...if you have 10,000 LXE shares you would get $17,300 cash plus 10,000 shares of ExploreCo, plus approx 1900 warrants exercisable at 27 cents, which apparently expire 30 days after the deal closes? Or sell today at $1.95 and don't worry about what the new company trades at lol

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Coelacanth Energy Inc.