Coelacanth Energy Inc. 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 had drilled and completed a Lower [...]
Coelacanth Energy Inc. 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, 2022 and the results of [...]
Coelacanth Energy Inc. is pleased to announce its 2022 year-end reserves as independently evaluated by GLJ Ltd. effective December 31, 2022 , in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2022, Coelacanth was formed as a spin-out of Leucrotta Exploration Inc. with its lands previously being [...]
Coelacanth Energy Inc. 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. , Vermilion Energy Inc. , and the shareholders of Leucrotta , Leucrotta transferred [...]
Coelacanth Energy Inc. announces that its board of directors approved the granting of incentive stock options under its stock option plan to acquire up to an aggregate of 3,549,400 common shares of the Corporation and the granting of restricted share units under its restricted share unit plan to obtain up to an aggregate of 1,775,700 Common Shares to certain of its directors and officers. It has also approved the granting [...]
The Power Play by The Market Herald has announced the release of new interviews with Coelacanth Energy and Ascendant Resources discussing their latest news. The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. Coelacanth Energy announces Q3 2022 financial and [...]
Coelacanth Energy Inc. 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. , Vermilion Energy Inc. , and the shareholders of Leucrotta , Leucrotta transferred [...]
Coelacanth Energy Inc. 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 growth of the Parkland, Umbach [...]
Coelacanth Energy Inc. 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. , Vermilion Energy Inc. , and the shareholders of [...]
Coelacanth Energy Inc. announces that its board of directors approved the granting of incentive stock options under its stock option plan to acquire up to an aggregate of 3,898,140 common shares of the Corporation and the granting of restricted share units under its restricted share unit plan to obtain up to an aggregate of 1,949,070 Common Shares to certain of its directors and officers. It has also approved the granting [...]
Coelacanth Energy Inc. is pleased to announce that the Company is extending the expiry date of the unlisted common share purchase warrants originally issued pursuant to a warrant indenture dated May 31, 2022 between the Company and Computershare Trust Company of Canada and in connection with the completion of the plan of arrangement involving the Company, Leucrotta Exploration Inc. , Vermilion Energy Inc. and the [...]
Coelacanth Energy Inc. is pleased to announce that the Company has obtained a listing on the TSX Venture Exchange 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 will be listed on the TSXV once exercised. Each Coelacanth Arrangement Warrant [...]