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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

Comment by TouchDown12on Jun 12, 2021 5:06pm
107 Views
Post# 33378197

RE:RE:RE:RE:Pressure is building now....

RE:RE:RE:RE:Pressure is building now....Excellent post Grandcentral. I hadn't though of the overallotment as the cause of the sell pressure over the last 3 months so good insight. in terms of my points regarding takeout - i should also say i would prefer if LXE is able and willing to accelerate some drilling relative to their March 5 year plan to increase production by the end of '22; and NOT sell out till much later in the value chain timing cycle (2024?). This could be a 4-5 stock at some point in the 5 year plan - just not sure whether the industry will give it that much time with the value of land once proven up. Just my take. TD12
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