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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

Bullboard Posts
Post by fergus2on Mar 03, 2016 9:28am
100 Views
Post# 24616527

Great drilling news + other factors too

Great drilling news + other factors tooGreat point Efficient! It highlights the flexibility they have in their play, -from “all in” well costs to frac spacing, -a great range of choices to manage the balance sheet. I’m lovin’ it all!
For a little perspective I also make mention of 2 former posts, one by tooez1 and another of mine, both on Aug 19th 2015. This isn’t only about drilling results, albeit that wonderful news certainly started the blaze. The fortuitous events surrounding that land sale last summer were highly significant. The recent drilling results (in isolation) might be construed as a flash in the pan, but taken in context with that land sale, hardly so. Take a moment to read those posts. You will see what I mean.
 Does anybody remember Duvernay Oil & Gas taken out by Shell in 2008? I think there is a strange similarity to the chart pattern of Duvernay then, and the LXE chart right now, -the “W” squiggle and then…. straight up. Deja-Vu? It looks eerily so, with Mr. Rose of Duvernay fame and current CEO of TOU camped beside the LXE properties. But whether there is anything to that or not, one thing is for sure, - that until now, the LXE asset has been considerably mispriced. But of course all that is changing fast.
Bullboard Posts