Coelacanth Announces 2024 Year-End Reserves

The Report includes a total of $148.3 million of future development capital (“FDC”) of which $33.5 million is in Jan-May of 2025 for phase 1 of the facility. By the end of May, the capital for phase 1 of the facility will have been spent and all of the proved developed nonproducing and probable developed non-producing reserves will change to producing status. ...read more