Coelacanth Energy, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Robert J. Zakresky
- Full Time Employees
- 19
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 530 – 8th Avenue S.W. Calgary AB Canada T2P 3S8
- IPO Date
- Jun 20, 2022
- Website
- coelacanth.ca
- 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.
Company News
Coelacanth Announces Q2 2026 Financial and Operating Results
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