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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

Post by stockfyon Mar 21, 2021 6:39am
171 Views
Post# 32846406

LXE: The Montney wells are too big for its size

LXE: The Montney wells are too big for its sizeThe expensive Montney wells are too big for LXE's size and cash, even after the recent financing. This is one of the key problems for LXE and future growth. More dilution will come. More dilution and asset sales are a sure thing. The expensive Montney wells are for bigger names than juniors like LXE.






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