Coelacanth Energy Inc.
CEI.V
Toronto Stock Exchange Ventures0.82
CAD
+0.01
- -
Coelacanth Energy Inc.
CEI.V
(Toronto Stock Exchange Ventures)
Recent
price
0.82
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Coelacanth Energy Inc. is a Montney-focused oil and natural gas exploration and development company engaged in the acquisition, exploration, development and production of tight oil, shale natural gas and natural gas liquids (NGLs) reserves in northeastern British Columbia, Canada; the company holds approximately 150 net sections (about 96,000 net acres) of undeveloped land with an average 95% working interest primarily in the Two Rivers area of the prolific Montney formation across multiple zones including Lower Montney, Upper Montney and Basal Montney; operations target light sweet oil (39-42 API), liquids-rich shale gas and NGLs (including condensate, pentanes, butane and propane) with recent well production demonstrating high liquids content averaging 50-60% in initial rates such as 1,338 boe/d per well (54% light oil) from the 5-19 pad Lower Montney wells. Incorporated in 2022 and headquartered in Calgary, Alberta, Coelacanth operates exclusively in Canada with no subsidiaries or parent relationships disclosed. In recent developments, the company completed and commissioned a new battery facility at Two Rivers East in early June 2025 for gas compression/dehydration, oil treating and water handling, enabling systematic production from nine Montney wells on the 5-19 pad including strong initial performers like the F5-19 well at 1,323 boe/d (61% liquids) and D5-19 at 1,037 boe/d (57% liquids); it approved a $128 million capital budget in March 2024 spanning 2024 and Q1 2025 focused on Two Rivers infrastructure, drilling and completions including four additional Lower Montney wells and one Upper Montney well on the 5-19 pad to bring total production capacity to 10 wells by April 2025, alongside gathering lines and sales connections; Q3 2025 results showed oil and natural gas sales surging 381% to $11.4 million with average production of 10,896 mcf/d natural gas, reflecting ongoing delineation and development ramp-up; a June 30, 2025 resource report from GLJ estimated 6.9 billion barrels of discovered petroleum initially-in-place (PIIP) and 5.9 tcf discovered gas PIIP plus significant undiscovered volumes across four Montney zones; and secured long-term takeaway capacity for up to 60 mmcf/d gas while advancing Two Rivers West scale-up with enhanced pumping and new sales gas lines following a C10-08 Upper Montney well test at 1,284 boe/d.