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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 Roscoe747on Mar 17, 2022 12:43pm
152 Views
Post# 34522341

RE:2022 Drilling Update...

RE:2022 Drilling Update...Excellent news that should give some spine to the weaker hands holding shares. The certainty that Mr. Zakresky expresses about a credit facility increase bodes well for a positive year end report next month.

The light oil and liquids component will reassure investors reluctant to be exposed to gas plays, the Alberta wells add political certainty, the processing deal assures infrastructure funding and the pad drilling provides additional cash flow. We will see renewed institutional interest.


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