Coelacanth Energy Inc.
Other OTCCapital Structure
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in mil. unless spec.- CEO
- Robert J. Zakresky
- Full Time Employees
- 13
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- 530 – 8th Avenue S.W. Calgary AB Canada T2P 3S8
- IPO Date
- Oct 13, 2022
- CIK
- 0002002847
- Website
- coelacanth.ca
- Similar Companies
- Business
- Coelacanth Energy Inc. (TSXV:CEI; OTC:CEIEF) is a Montney-focused oil and natural gas exploration and development company engaged in the acquisition, exploration, development and production of oil and natural gas reserves in the Two Rivers area of northeastern British Columbia, Canada; the company owns approximately 150 net sections of contiguous Montney acreage containing substantial resource potential including discovered petroleum initially-in-place estimates of 6.9 billion barrels of oil and 5.9 trillion cubic feet of gas per GLJ report, plus undiscovered volumes of 8.3 billion barrels of oil and 7.1 trillion cubic feet of gas; operations target multiple development zones across Upper, Middle, Lower and Basal Montney formations yielding a commodity mix of approximately 33% light oil and 67% liquids-rich natural gas and NGLs; Coelacanth holds long-term takeaway capacity for up to 100 MMcf/d of gas including connections to NRM, NGTL, Westcoast and Coastal GasLink pipelines supporting LNG export potential, and processing agreements for up to 60 MMcf/d. Founded in 2022 and headquartered in Calgary, Alberta, the company operates as a pure-play Montney junior with pad-style development minimizing environmental footprint through greenfield infrastructure, multi-well pads and emissions-reduction technologies. Recent developments include first production from the Two Rivers East 5-19 pad commencing June 2025 with initial rates exceeding GLJ type curves at over 11,000 boe/d aggregate flush production from nine wells averaging 1,624 boe/d per Lower Montney well with 61% light oil; completion of Two Rivers East battery facility and pipelines at 16-03 with Phase 1 capacity supporting 8,000 boe/d and Phase 2 expansion doubling capacity by Q4 2025; ongoing drilling of three additional Lower Montney wells at 5-19 pad for on-stream in early 2026; increased bank credit facility announced October 2025; engagement of ICP Securities for automated market making services commencing October 31, 2025; and Q3 2025 financial results showing oil and gas sales growth of 381% to $11.4 million.
Coelacanth Announces Q1 2026 Financial and Operating Results
Coelacanth Announces 2025 Year-End Reserves
Coelacanth Announces Q4 2025 Financial and Operating Results
Coelacanth Energy Increases Previously Announced Bought Deal Public Offering to C$80M
Coelacanth Energy Announces Bought Deal Financing of C$60 Million
Coelacanth Energy Inc. Provides Operations Update
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Coelacanth Announces Q3 2025 Financial and Operating Results
Coelacanth Energy Inc. Announces Increased Bank Credit Facility and Provides Operations Update
Coelacanth Energy Inc. Engages ICP Securities Inc. for Automated Market Making Services
Coelacanth Energy Inc. Announces Operations Update, Revised Reserve Report and Initial Resource Report
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Coelacanth Energy Inc. Announces Operations Update
Coelacanth Energy Inc. Announces $52 Million Revolving Bank Credit Facility and Fall Drilling Program
Coelacanth Energy Inc. Announces Receipt of All Regulatory Approvals for Two Rivers East and Finalization of Midstream Processing Agreement
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units