Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 2,101,800 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,050,900 Common Shares to...
2023-12-01 4:21 PM EST
Coelacanth Announces Q3 2023 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 17, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2023. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Completed two Upper Montney wells on its 10-08 pad at Two Rivers West. Drilled five wells on its 5-19 pad at Two Rivers East. Four wells (three Lower Montney and one Basal Montney)...
2023-11-17 6:00 AM EST
Coelacanth Energy Announces Private Placement for Aggregate Proceeds of $1.5 Million
Calgary, Alberta--(Newsfile Corp. - November 15, 2023) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") of 1,875,000 units of the Company ("Units"), at a price of $0.80 per Unit, for aggregate proceeds of $1,500,000. The Offering will be restricted to three key employees being the 2 newly promoted Officers of Coelacanth (Chief Operating Officer and VP Drilling &...
2023-11-15 6:13 PM EST
Coelacanth Energy Announces Completion of its $80 Million Bought Deal Financing
Calgary, Alberta--(Newsfile Corp. - November 15, 2023) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that, further to its press release dated October 23, 2023, it has closed its previously announced bought-deal financing (the "Bought-Deal Financing") of 100,000,000 units of the Company (the "Units") at a price of $0.80 per Unit for gross proceeds to the Company of $80 million. The syndicate of underwriters was led by Haywood Securities Inc., as...
2023-11-15 8:48 AM EST
Coelacanth Energy Inc. Announces Operations Update
Calgary, Alberta--(Newsfile Corp. - October 23, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed 2 wells at Two Rivers West and has finished the drilling of a 5-well pad at Two Rivers East. TWO RIVERS WEST PROJECT Coelacanth has completed the 2 Upper Montney wells on its 10-08 pad at Two Rivers West and recently placed the first well (C10-08) on production at a rate of 542 boe/d comprised of 225 bbls/d of 42 API light oil, 1.75 mmcf/d...
2023-10-23 6:00 AM EDT
Coelacanth Announces Q2 2023 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2023. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Received regulatory approval to drill and complete up to 14 wells on its 5-19 pad at Two Rivers East. Drilling of the first 5-well pad is expected to commence in Q3 2023. Drilled second Upper...
2023-08-24 6:00 AM EDT
Coelacanth Energy Inc. Announces Succession of Chief Operating Officer
Calgary, Alberta--(Newsfile Corp. - July 19, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that as part of a transition and succession plan outlined in a press release dated September 8, 2022, Terry Trudeau, has relinquished his role as Coelacanth's Chief Operating Officer. On behalf of the Board of Directors and Management, Rob Zakresky, President & CEO, stated that, "Mr. Trudeau's expertise and operational leadership were key to shareholder value for...
2023-07-19 6:00 AM EDT
Coelacanth Energy Inc. Announces Operations Update and Midstream Processing Agreement
Calgary, Alberta--(Newsfile Corp. - June 26, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it will proceed with drilling and completion operations at both its Two Rivers East and Two Rivers West Projects and has signed a midstream agreement to provide future gas processing. TWO RIVERS EAST PROJECT Coelacanth has received regulatory approval to drill and complete up to 14 wells on its 5-19 Pad at Two Rivers East. The Company's predecessor (Leucrotta...
2023-06-26 6:00 AM EDT
Coelacanth Announces Q1 2023 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 25, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2023. All dollar figures are Canadian dollars unless otherwise noted. Financial and operational results below present the carved-out historic financial position, results of operations and cash flows of Leucrotta's Two Rivers Assets for all prior periods up to and including May 31,...
2023-05-25 6:00 AM EDT
Coelacanth Announces 2022 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - April 20, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its 2022 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2022 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2022, Coelacanth was formed...
2023-04-20 6:00 AM EDT
Coelacanth Announces Q4 2022 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - April 20, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2022. All dollar figures are Canadian dollars unless otherwise noted. 2022 HIGHLIGHTS On May 31, 2022, as a result of the closing of an arrangement agreement between Coelacanth, Leucrotta Exploration Inc. ("Leucrotta"), Vermilion Energy Inc. ("Vermilion"), and the...
2023-04-20 6:00 AM EDT
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - January 16, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,549,400 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,775,700 Common Shares to...
2023-01-16 4:44 PM EST
Coelacanth Announces Q3 2022 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 24, 2022) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS On May 31, 2022, as a result of the closing of an arrangement agreement between Coelacanth, Leucrotta Exploration Inc. ("Leucrotta"), Vermilion Energy Inc. ("Vermilion"), and the...
2022-11-24 6:00 AM EST
Coelacanth Energy Inc. Announces Hiring of Vice President Operations
Calgary, Alberta--(Newsfile Corp. - September 8, 2022) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has hired Bret Kimpton as Vice President Operations. Mr. Kimpton was previously the Vice President Production of Storm Resources Ltd. that grew from no production at inception to 35,000 boepd at the time of its sale in December 2021. Mr. Kimpton has significant experience in construction and operations particularly in the Montney where he managed the...
2022-09-08 6:00 AM EDT
Coelacanth Announces Q2 2022 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 29, 2022) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2022. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Commenced active oil and natural gas operations on May 31, 2022 as a result of the closing of an arrangement agreement between Coelacanth, Leucrotta Exploration Inc. ("Leucrotta"), Vermilion...
2022-08-29 6:15 PM EDT
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - June 30, 2022) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,898,140 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,949,070 Common Shares to certain...
2022-06-30 3:44 PM EDT
Coelacanth Energy Inc. Announces Extension of Common Share Purchase Warrants
Calgary, Alberta--(Newsfile Corp. - June 29, 2022) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce that the Company is extending the expiry date of the unlisted common share purchase warrants ("Arrangement Warrants") originally issued pursuant to a warrant indenture dated May 31, 2022 (the "Issuance Date") between the Company and Computershare Trust Company of Canada ("Computershare") and in connection with the completion of the plan of arrangement...
2022-06-29 9:00 AM EDT
Coelacanth Energy Inc. Announces Listing on the TSX Venture Exchange
Calgary, Alberta--(Newsfile Corp. - June 17, 2022) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce that the Company has obtained a listing on the TSX Venture Exchange ("TSXV") and will be publicly traded on the TSXV under the symbol "CEI" on June 20, 2022. Note that certain "Coelacanth Arrangement Warrants" as further described below are not listed for trading but the underlying Coelacanth common shares ("Coelacanth Shares") will be listed on the...
2022-06-17 6:00 AM EDT