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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.



 

Bullboard - Investor Discussion Forum 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... see more

TSXV:CEI - Post Discussion

Coelacanth Energy Inc. > What is the verdict on Q2 ER Release?
View:
Post by TouchDown12 on Aug 29, 2024 12:32pm

What is the verdict on Q2 ER Release?

Met? Exceeded? Did not meet expecations? NO share trades except 1,500 at open but bid/ask is big gap (.79/.83). Status Quo? Not sure if there presumption on when production would begin on the new wells (4K) is what was expected. Thoughts? TD12
Comment by Quintessential1 on Aug 31, 2024 12:20pm
Met mine.  I'm not sure what expectations everyone else had but in this challenging commodity price environment I think they did ok.  I will say that it would be nice if an opinion was given before one is requested.  Kind of like a quid pro quo or I'll show you mine you show me yours kind of deal. That being said they seem to be on target with higher production and ...more  
Comment by TouchDown12 on Aug 31, 2024 12:48pm
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 ...more  
Comment by Quintessential1 on Sep 01, 2024 12:17pm
Thanks for showing yours!  LOL Yeah you are obviously long and for good reason.  Management's track record makes this an easy hold for you and was a pretty easy pick up for me as I am hoping to use this to add some low cost shares to my VET holdings eventually.  With VET at over 20% ownwership I think it's just a matter of time before they take it too.  I'm not ...more  
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SCALABLE PROJECTS WITH
RAPID GROWTH

Multiple horizons delineated and initial infrastructure in place to kick off the development

MASSIVE UNTAPPED RESOURCE
In excess of 8.9 billion bbls of oil and
8.6 tcf of liquids rich gas in place

HIGH MARGIN
Low capital and operating costs combined
with high value products

EGRESS & MARKETS
Multiple oil and gas takeaway options allow access to many markets including Asia

STRONG MANAGEMENT TEAM
Successfully stewarded 6 prior public
energy companies

EXCEPTIONAL BALANCE SHEET
Fully funded with no debt



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