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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 Aug 31, 2024 12:48pm
176 Views
Post# 36204068

RE:RE:What is the verdict on Q2 ER Release?

RE:RE:What is the verdict on Q2 ER Release?Thanks for your comments. Ok that is fair ball LOL. To be honest, i hold this long but kinda lost track of my own expectations given everything else going this summer (CR; SDE after sale; LGN spin-off; etc.); so your point is true. I am holding this long primarily becasue of management and the benefit i experienced out of the LXE sale to VET with CEI being the spin-off. This is a similar hold for me as LXE was at the time - no debt pressure and long term hold with a buyout in the end (VET given insider relationship?). I hold it like i hold LGN out of SDE. When they did the bought deal at .80 I added more under that from time to time to average about .80. I see this as a 24 month process to get ready for sale with the land grab going on around Canada's Upcoming LNG and a possible change in federal government. Anyhow, I appriciate any and all comments as they are pretty slim here. Bottom line I am investing in land and management's execution (prudent) track-record. GLTA TD12
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