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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
Comment by efficientmyasson Jul 13, 2018 9:08pm
123 Views
Post# 28315354

RE:LNG

RE:LNGIn the short run, who knows.  In the medium term, i think there will be consolidation of existing players and possibly new entrants into the montney.  Leucrotta is an extremely viable takeover candidate due to their massive land package (big chunks of which have been significantly de-risked) and their exposure to oil/liquids.  If these guys can hold on for a few years, i suspect they will get closer to $10 than $5.  If they're tired of the slog, they could sell sooner and get less.
Bullboard Posts