Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by efficientmyasson Mar 03, 2016 3:17pm
147 Views
Post# 24618935

RE:Great drilling news + other factors too

RE:Great drilling news + other factors tooyou're right that this isn't just about drill results.  The comapny recently presented to a bunch of analysts and explained that they'd spent the last year and a half mapping the lower montney turbidite play across their acerage (almost 2000 wellbores/logs  analysed).  using a 5% porosity cutoff, they found that ~60 sections are in the oil window (38 south of the river) and ~30 sections are in the liquids rich gas window.  when you start looking at the NPV (10% discount rate) of the wells they should be able to drill, the numbers get pretty big, pretty quick....even at current pricing.  

Bullboard Posts