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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 Feb 04, 2022 2:50pm
125 Views
Post# 34398979

RE:RE:RE:Oil hedge ?

RE:RE:RE:Oil hedge ? For the benefit of longs, i went back and looked at the Q3 report and Mica update in December. I doubt they are hedged on NG (around 90% of production) so they will get the full benefit on that part. Not sure but they might hedge on the Mica oil - i guess we will have to wait till their update. But the good news is that the increase in NG prices are posiively and directly affecting their revenue and balance sheet health at this point. Good news as this might accelerate the 5 year plan. I hope this helps. TD12
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