EXPLORING THE MONTNEY FORMATION

Coelacanth Energy Inc. owns approximately 140 (net) sections of Montney acreage in the Two Rivers region and has identified 8.9 billion bbls of Original Oil in Place and 8.6 tcf of Original Gas in Place across these lands.

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Bullboard - Investor Discussion Forum Coelacanth Energy Inc. V.CEI

Alternate Symbol(s): CEIEF

Energy Oil & Gas E&P

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... see more

TSXV:CEI - Post Discussion

Coelacanth Energy Inc. > LXE: The Montney wells are too big for its size

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Post by stockfy on Mar 21, 2021 6:39am

LXE: The Montney wells are too big for its size

The expensive Montney wells are too big for LXE's size and cash, even after the recent financing. This is one of the key problems for LXE and future growth. More dilution will come. More dilution and asset sales are a sure thing. The expensive Montney wells are for bigger names than juniors like LXE.

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Comment by TouchDown12 on Mar 21, 2021 1:25pm

Will see. While i appricatie were you are coming from as a risk; Not sure it's as black and white as you are making it out to look like. That land is going to get developed one-way or another.... so it'll either be LXE; LXE plus JV; or New owner. However, LXE was very careful in the past not to unbalance the compnay for growth alone; so i am sure they will be riding the razer's edge to ...more

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