Coelacanth Announces Q3 2024 Financial and Operating Results
Coelacanth Energy (TSXV: CEI) reported its Q3 2024 financial results with oil and natural gas sales of $2.36 million, up 248% from Q3 2023. The company's daily production increased to 829 boe/d, a 313% rise year-over-year. Despite higher revenues, the company recorded a net loss of $2.46 million. Coelacanth initiated construction of an $80 million infrastructure project including 35km of pipelines and a facility capable of handling 16,000 boe/d, expected to be operational by mid-April 2025. The company secured $52 million in debt financing through two revolving bank credit facilities, with $35 million allocated for four new Montney wells and a water disposal well.
Coelacanth Energy (TSXV: CEI) ha riportato i risultati finanziari del Q3 2024 con vendite di oil e gas naturale pari a 2,36 milioni di dollari, un aumento del 248% rispetto al Q3 2023. La produzione giornaliera dell'azienda è aumentata a 829 boe/d, un incremento del 313% rispetto all'anno precedente. Nonostante i ricavi più elevati, l'azienda ha registrato una perdita netta di 2,46 milioni di dollari. Coelacanth ha avviato la costruzione di un progetto infrastrutturale da 80 milioni di dollari che include 35 km di tubazioni e un impianto in grado di gestire 16.000 boe/d, previsto per essere operativo entro metà aprile 2025. L'azienda ha ottenuto 52 milioni di dollari in finanziamenti tramite debito attraverso due linee di credito bancarie rotative, destinando 35 milioni per quattro nuovi pozzi Montney e un pozzo di smaltimento acque.
Coelacanth Energy (TSXV: CEI) informó sus resultados financieros del Q3 2024 con ventas de petróleo y gas natural por 2,36 millones de dólares, un aumento del 248% en comparación con el Q3 2023. La producción diaria de la empresa aumentó a 829 boe/d, un incremento del 313% interanual. A pesar de los mayores ingresos, la empresa registró una pérdida neta de 2,46 millones de dólares. Coelacanth inició la construcción de un proyecto de infraestructura de 80 millones de dólares que incluye 35 km de tuberías y una instalación capaz de manejar 16,000 boe/d, que se espera esté operativa para mediados de abril de 2025. La empresa aseguró 52 millones de dólares en financiamiento de deuda a través de dos líneas de crédito bancarias rotativas, destinando 35 millones para cuatro nuevos pozos Montney y un pozo de eliminación de agua.
코엘라칸스 에너지 (TSXV: CEI)는 2024년 Q3 재무 결과를 발표하며 석유 및 천연 가스 판매가 236만 달러에 달했으며, 이는 2023년 Q3 대비 248% 증가한 수치입니다. 회사의 일일 생산량은 829 boe/d로, 전년 대비 313% 상승했습니다. 매출이 증가했음에도 불구하고 회사는 246만 달러의 순손실을 기록했습니다. 코엘라칸스는 35km의 파이프라인 및 16,000 boe/d 처리 가능한 시설을 포함하는 8000만 달러 규모의 인프라 프로젝트 건설을 시작했으며, 2025년 4월 중순에 운영될 것으로 예상됩니다. 회사는 두 개의 순환 은행 신용 시설을 통해 5200만 달러의 부채 자금을 확보하였으며, 3500만 달러는 4개의 새로운 몬트니 유정과 폐수 처리용 유정에 배정되었습니다.
Coelacanth Energy (TSXV: CEI) a annoncé ses résultats financiers pour le T3 2024 avec des ventes de pétrole et de gaz naturel s'élevant à 2,36 millions de dollars, en hausse de 248 % par rapport au T3 2023. La production quotidienne de l'entreprise a augmenté à 829 boe/d, soit une hausse de 313 % par rapport à l'année précédente. Malgré des revenus plus élevés, l'entreprise a enregistré une perte nette de 2,46 millions de dollars. Coelacanth a lancé la construction d'un projet d'infrastructure de 80 millions de dollars comprenant 35 km de pipelines et une installation capable de gérer 16 000 boe/d, qui devrait être opérationnelle d'ici la mi-avril 2025. L'entreprise a obtenu 52 millions de dollars de financement par emprunt grâce à deux lignes de crédit bancaires rotatives, avec 35 millions destinés à quatre nouveaux puits Montney et un puits d'élimination des eaux.
Coelacanth Energy (TSXV: CEI) berichtete über die Finanzzahlen für Q3 2024 mit Umsätzen aus Öl- und Erdgasverkäufen in Höhe von 2,36 Millionen Dollar, was einem Anstieg von 248 % im Vergleich zu Q3 2023 entspricht. Die tägliche Produktionsmenge des Unternehmens stieg auf 829 boe/d, ein Anstieg von 313 % im Jahresvergleich. Trotz höherer Einnahmen verzeichnete das Unternehmen einen Nettoverlust von 2,46 Millionen Dollar. Coelacanth hat mit dem Bau eines 80 Millionen Dollar teuren Infrastrukturprojekts begonnen, das 35 km Pipelines und eine Anlage umfasst, die in der Lage ist, 16.000 boe/d zu verarbeiten, die voraussichtlich bis Mitte April 2025 in Betrieb genommen wird. Das Unternehmen sicherte sich 52 Millionen Dollar in Schuldenfinanzierung durch zwei revolvierende Bankkredite, wobei 35 Millionen Dollar für vier neue Montney-Brunnen und einen Wasserentsorgungsbrunnen vorgesehen sind.
- Oil and natural gas sales increased 248% to $2.36 million in Q3 2024
- Daily production grew 313% to 829 boe/d
- Operating expenses per boe decreased 47% to $10.07
- Secured $52 million in debt financing for expansion
- Operating netback improved to $11.99/boe from $2.56/boe
- Net loss increased 32% to $2.46 million in Q3 2024
- Cash flow used in operating activities worsened by 46% to -$3.73 million
- Natural gas sales price declined 61% to $1.41/mcf
- Oil and condensate prices decreased 9% to $89.68/bbl
Calgary, Alberta--(Newsfile Corp. - November 21, 2024) - 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, 2024. All dollar figures are Canadian dollars unless otherwise noted.
| FINANCIAL RESULTS | Three Months Ended | Nine Months Ended | ||||||||||||||||
| September 30 | September 30 | |||||||||||||||||
| ( | 2024 | 2023 | % Change | 2024 | 2023 | % Change | ||||||||||||
| Oil and natural gas sales | 2,362 | 679 | 248 | 9,192 | 2,459 | 274 | ||||||||||||
| Cash flow used in operating activities | (3,730 | ) | (2,553 | ) | 46 | (954 | ) | (3,830 | ) | (75 | ) | |||||||
| Per share - basic and diluted (1) | (0.01 | ) | (0.01 | ) | - | (-) | (0.01 | ) | (100 | ) | ||||||||
| Adjusted funds flow (used) (1) | (207 | ) | (773 | ) | (73 | ) | 1,133 | (2,083 | ) | (154 | ) | |||||||
| Per share - basic and diluted | (-) | (-) | - | - | (-) | - | ||||||||||||
| Net loss | (2,464 | ) | (1,869 | ) | 32 | (5,994 | ) | (5,823 | ) | 3 | ||||||||
| Per share - basic and diluted | (-) | (-) | - | (0.01 | ) | (0.01 | ) | - | ||||||||||
| Capital expenditures (1) | 15,760 | 31,176 | (49 | ) | 19,545 | 39,957 | (51 | ) | ||||||||||
| Adjusted working capital (1) | 47,264 | 23,516 | 101 | |||||||||||||||
| Common shares outstanding (000s) | ||||||||||||||||||
| Weighted average - basic and diluted | 530,212 | 426,476 | 24 | 529,605 | 425,685 | 24 | ||||||||||||
| End of period - basic | 530,267 | 426,670 | 24 | |||||||||||||||
| End of period - fully diluted | 617,214 | 469,781 | 31 | |||||||||||||||
| (1) See "Non-GAAP and Other Financial Measures" section. | ||||||||||||||||||
| OPERATING RESULTS (1) | Three Months Ended | Nine Months Ended | ||||||||||||||||
| September 30 | September 30 | |||||||||||||||||
| 2024 | 2023 | % Change | 2024 | 2023 | % Change | |||||||||||||
| Daily production (2) | ||||||||||||||||||
| Oil and condensate (bbls/d) | 221 | 39 | 467 | 268 | 46 | 483 | ||||||||||||
| Other NGLs (bbls/d) | 33 | 7 | 371 | 36 | 12 | 200 | ||||||||||||
| Oil and NGLs (bbls/d) | 254 | 46 | 452 | 304 | 58 | 424 | ||||||||||||
| Natural gas (mcf/d) | 3,450 | 929 | 271 | 3,702 | 1,208 | 206 | ||||||||||||
| Oil equivalent (boe/d) | 829 | 201 | 313 | 921 | 259 | 256 | ||||||||||||
| Oil and natural gas sales | ||||||||||||||||||
| Oil and condensate ($/bbl) | 89.68 | 99.00 | (9 | ) | 90.88 | 93.73 | (3 | ) | ||||||||||
| Other NGLs ($/bbl) | 31.39 | 28.07 | 12 | 33.20 | 33.97 | (2 | ) | |||||||||||
| Oil and NGLs ($/bbl) | 82.10 | 88.43 | (7 | ) | 84.00 | 81.69 | 3 | |||||||||||
| Natural gas ($/mcf) | 1.41 | 3.60 | (61 | ) | 2.16 | 3.58 | (40 | ) | ||||||||||
| Oil equivalent ($/boe) | 30.99 | 36.85 | (16 | ) | 36.41 | 34.83 | 5 | |||||||||||
| Royalties | ||||||||||||||||||
| Oil and NGLs ($/bbl) | 15.52 | 20.08 | (23 | ) | 19.73 | 22.51 | (12 | ) | ||||||||||
| Natural gas ($/mcf) | 0.06 | 0.79 | (92 | ) | 0.23 | 0.82 | (72 | ) | ||||||||||
| Oil equivalent ($/boe) | 5.02 | 8.26 | (39 | ) | 7.44 | 8.82 | (16 | ) | ||||||||||
| Operating expenses | ||||||||||||||||||
| Oil and NGLs ($/bbl) | 10.07 | 18.92 | (47 | ) | 10.10 | 17.68 | (43 | ) | ||||||||||
| Natural gas ($/mcf) | 1.68 | 3.17 | (47 | ) | 1.68 | 2.95 | (43 | ) | ||||||||||
| Oil equivalent ($/boe) | 10.07 | 18.98 | (47 | ) | 10.10 | 17.68 | (43 | ) | ||||||||||
| Net transportation expenses (3) | ||||||||||||||||||
| Oil and NGLs ($/bbl) | 2.36 | 2.40 | (2 | ) | 2.30 | 1.86 | 24 | |||||||||||
| Natural gas ($/mcf) | 0.76 | 1.40 | (46 | ) | 0.72 | 1.36 | (47 | ) | ||||||||||
| Oil equivalent ($/boe) | 3.91 | 7.05 | (45 | ) | 3.65 | 6.76 | (46 | ) | ||||||||||
| Operating netback (loss) (3) | ||||||||||||||||||
| Oil and NGLs ($/bbl) | 54.15 | 47.03 | 15 | 51.87 | 39.64 | 31 | ||||||||||||
| Natural gas ($/mcf) | (1.09 | ) | (1.76 | ) | (38 | ) | (0.47 | ) | (1.55 | ) | (70 | ) | ||||||
| Oil equivalent ($/boe) | 11.99 | 2.56 | 368 | 15.22 | 1.57 | 869 | ||||||||||||
| Depletion and depreciation ($/boe) | (14.89 | ) | (21.33 | ) | (30 | ) | (14.71 | ) | (18.24 | ) | (19 | ) | ||||||
| General and administrative expenses ($/boe) | (12.51 | ) | (47.09 | ) | (73 | ) | (13.90 | ) | (46.70 | ) | (70 | ) | ||||||
| Share based compensation ($/boe) | (13.81 | ) | (34.70 | ) | (60 | ) | (12.72 | ) | (32.12 | ) | (60 | ) | ||||||
| Finance expense ($/boe) | (2.71 | ) | (9.61 | ) | (72 | ) | (1.72 | ) | (5.27 | ) | (67 | ) | ||||||
| Finance income ($/boe) | 9.54 | 37.32 | (74 | ) | 10.03 | 29.26 | (66 | ) | ||||||||||
| Unutilized transportation ($/boe) | (9.94 | ) | (28.44 | ) | (65 | ) | (5.96 | ) | (10.95 | ) | (46 | ) | ||||||
| Net loss ($/boe) | (32.33 | ) | (101.29 | ) | (68 | ) | (23.76 | ) | (82.45 | ) | (71 | ) | ||||||
| (1) See "Oil and Gas Terms" section. | ||||||||||||||||||
| (2) See "Product Types" section. | ||||||||||||||||||
| (3) See "Non-GAAP and Other Financial Measures" section. | ||||||||||||||||||
| Selected financial and operational information outlined in this news release should be read in conjunction with Coelacanth's unaudited condensed interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2024, which are available for review under the Company's profile on SEDAR+ at www.sedarplus.com. | ||||||||||||||||||
OPERATIONS UPDATE
In Q3 2024, Coelacanth started the construction of its planned
An additional four Montney wells are currently being completed and tested on the 5-19 pad which will add additional capacity to be brought on once the facility is operational. Debt financing of
Although the construction and start-up of the Two Rivers East project is a huge step in Coelacanth's development, we believe we are just scratching the surface on what the potential of this large Montney asset base may ultimately be able to perform.
We look forward to reporting updates on the Two Rivers East project in the upcoming quarters.
OIL AND GAS TERMS
The Company uses the following frequently recurring oil and gas industry terms in the news release:
| Liquids | |
| Bbls | Barrels |
| Bbls/d | Barrels per day |
| NGLs | Natural gas liquids (includes condensate, pentane, butane, propane, and ethane) |
| Condensate | Pentane and heavier hydrocarbons |
| Natural Gas | |
| Mcf | Thousands of cubic feet |
| Mcf/d | Thousands of cubic feet per day |
| MMcf/d | Millions of cubic feet per day |
| MMbtu | Million of British thermal units |
| MMbtu/d | Million of British thermal units per day |
| Oil Equivalent | |
| Boe | Barrels of oil equivalent |
| Boe/d | Barrels of oil equivalent per day |
Disclosure provided herein in respect of a boe may be misleading, particularly if used in isolation. A boe conversion rate of six thousand cubic feet of natural gas to one barrel of oil equivalent has been used for the calculation of boe amounts in the news release. This boe conversion rate is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
NON-GAAP AND OTHER FINANCIAL MEASURES
This news release refers to certain measures that are not determined in accordance with IFRS (or "GAAP"). These non-GAAP and other financial measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other entities. The non-GAAP and other financial measures should not be considered alternatives to, or more meaningful than, financial measures that are determined in accordance with IFRS as indicators of the Company's performance. Management believes that the presentation of these non-GAAP and other financial measures provides useful information to shareholders and investors in understanding and evaluating the Company's ongoing operating performance, and the measures provide increased transparency to better analyze the Company's performance against prior periods on a comparable basis.
Non-GAAP Financial Measures
Adjusted funds flow (used)
Management uses adjusted funds flow (used) to analyze performance and considers it a key measure as it demonstrates the Company's ability to generate the cash necessary to fund future capital investments and abandonment obligations and to repay debt, if any. Adjusted funds flow (used) is a non-GAAP financial measure and has been defined by the Company as cash flow from (used in) operating activities excluding the change in non-cash working capital related to operating activities, movements in restricted cash deposits and expenditures on decommissioning obligations. Management believes the timing of collection, payment or incurrence of these items involves a high degree of discretion and as such may not be useful for evaluating the Company's cash flows. Adjusted funds flow (used) is reconciled from cash flow from (used in) operating activities as follows:
| Three Months Ended | Nine Months Ended | |||||||||||
| September 30 | September 30 | |||||||||||
| ( | 2024 | 2023 | 2024 | 2023 | ||||||||
| Cash flow used in operating activities | (3,730 | ) | (2,553 | ) | (954 | ) | (3,830 | ) | ||||
| Add (deduct): | ||||||||||||
| Decommissioning expenditures | 790 | 925 | 1,266 | 1,677 | ||||||||
| Change in restricted cash deposits | 2,139 | - | 2,985 | (784 | ) | |||||||
| Change in non-cash working capital | 594 | 855 | (2,164 | ) | 854 | |||||||
| Adjusted funds flow (used) (non-GAAP) | (207 | ) | (773 | ) | 1,133 | (2,083 | ) | |||||
Net transportation expenses
Management considers net transportation expenses an important measure as it demonstrates the cost of utilized transportation related to the Company's production. Net transportation expenses is calculated as transportation expenses less unutilized transportation and is calculated as follows:
| Three Months Ended | Nine Months Ended | |||||||||||
| September 30 | September 30 | |||||||||||
| ( | 2024 | 2023 | 2024 | 2023 | ||||||||
| Transportation expenses | 1,055 | 654 | 2,426 | 1,250 | ||||||||
| Unutilized transportation | (757 | ) | (525 | ) | (1,504 | ) | (773 | ) | ||||
| Net transportation expenses (non-GAAP) | 298 | 129 | 922 | 477 | ||||||||
Operating netback
Management considers operating netback an important measure as it demonstrates its profitability relative to current commodity prices. Operating netback is calculated as oil and natural gas sales less royalties, operating expenses, and net transportation expenses and is calculated as follows:
| Three Months Ended | Nine Months Ended | |||||||||||
| September 30 | September 30 | |||||||||||
| ( | 2024 | 2023 | 2024 | 2023 | ||||||||
| Oil and natural gas sales | 2,362 | 679 | 9,192 | 2,459 | ||||||||
| Royalties | (383 | ) | (152 | ) | (1,878 | ) | (623 | ) | ||||
| Operating expenses | (767 | ) | (350 | ) | (2,549 | ) | (1,249 | ) | ||||
| Net transportation expenses | (298 | ) | (129 | ) | (922 | ) | (477 | ) | ||||
| Operating netback (non-GAAP) | 914 | 48 | 3,843 | 110 | ||||||||
Capital expenditures
Coelacanth utilizes capital expenditures as a measure of capital investment on property, plant, and equipment, exploration and evaluation assets and property acquisitions compared to its annual budgeted capital expenditures. Capital expenditures are calculated as follows:
| Three Months Ended | Nine Months Ended | |||||||||||
| September 30 | September 30 | |||||||||||
| ( | 2024 | 2023 | 2024 | 2023 | ||||||||
| Capital expenditures - property, plant, and equipment | 396 | 15,785 | 973 | 22,344 | ||||||||
| Capital expenditures - exploration and evaluation assets | 15,364 | 15,391 | 18,572 | 17,613 | ||||||||
| Capital expenditures (non-GAAP) | 15,760 | 31,176 | 19,545 | 39,957 | ||||||||
Capital Management Measures
Adjusted working capital
Management uses adjusted working capital as a measure to assess the Company's financial position. Adjusted working capital is calculated as current assets and restricted cash deposits less current liabilities, excluding the current portion of decommissioning obligations.
| ( | September 30, 2024 | December 31, 2023 | ||||
| Current assets | 49,905 | 87,616 | ||||
| Less: | ||||||
| Current liabilities | (14,235 | ) | (28,754 | ) | ||
| Working capital | 35,670 | 58,862 | ||||
| Add: | ||||||
| Restricted cash deposits | 10,001 | 6,784 | ||||
| Current portion of decommissioning obligations | 1,593 | 1,943 | ||||
| Adjusted working capital (Capital management measure) | 47,264 | 67,589 |
Non-GAAP Financial Ratios
Adjusted Funds Flow (Used) per Share
Adjusted funds flow (used) per share is a non-GAAP financial ratio, calculated using adjusted funds flow (used) and the same weighted average basic and diluted shares used in calculating net loss per share.
Net transportation expenses per boe
The Company utilizes net transportation expenses per boe to assess the per unit cost of utilized transportation related to the Company's production. Net transportation expenses per boe is calculated as net transportation expenses divided by total production for the applicable period.
Operating netback per boe
The Company utilizes operating netback per boe to assess the operating performance of its petroleum and natural gas assets on a per unit of production basis. Operating netback per boe is calculated as operating netback divided by total production for the applicable period.
Supplementary Financial Measures
The supplementary financial measures used in this news release (primarily average sales price per product type and certain per boe and per share figures) are either a per unit disclosure of a corresponding GAAP measure, or a component of a corresponding GAAP measure, presented in the financial statements. Supplementary financial measures that are disclosed on a per unit basis are calculated by dividing the aggregate GAAP measure (or component thereof) by the applicable unit for the period. Supplementary financial measures that are disclosed on a component basis of a corresponding GAAP measure are a granular representation of a financial statement line item and are determined in accordance with GAAP.
PRODUCT TYPES
The Company uses the following references to sales volumes in the news release:
Natural gas refers to shale gas
Oil and condensate refers to condensate and tight oil combined
Other NGLs refers to butane, propane and ethane combined
Oil and NGLs refers to tight oil and NGLs combined
Oil equivalent refers to the total oil equivalent of shale gas, tight oil, and NGLs combined, using the conversion rate of six thousand cubic feet of shale gas to one barrel of oil equivalent.
The following is a complete breakdown of sales volumes for applicable periods by specific product types of shale gas, tight oil, and NGLs:
| Three Months Ended | Nine Months Ended | |||||||||||
| September 30 | September 30 | |||||||||||
| Sales Volumes by Product Type | 2024 | 2023 | 2024 | 2023 | ||||||||
| Condensate (bbls/d) | 33 | 4 | 36 | 6 | ||||||||
| Other NGLs (bbls/d) | 33 | 7 | 36 | 12 | ||||||||
| NGLs (bbls/d) | 66 | 11 | 72 | 18 | ||||||||
| Tight oil (bbls/d) | 188 | 35 | 232 | 40 | ||||||||
| Condensate (bbls/d) | 33 | 4 | 36 | 6 | ||||||||
| Oil and condensate (bbls/d) | 221 | 39 | 268 | 46 | ||||||||
| Other NGLs (bbls/d) | 33 | 7 | 36 | 12 | ||||||||
| Oil and NGLs (bbls/d) | 254 | 46 | 304 | 58 | ||||||||
| Shale gas (mcf/d) | 3,450 | 929 | 3,702 | 1,208 | ||||||||
| Natural gas (mcf/d) | 3,450 | 929 | 3,702 | 1,208 | ||||||||
| Oil equivalent (boe/d) | 829 | 201 | 921 | 259 | ||||||||
FORWARD-LOOKING INFORMATION
This document contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "should", "believe", "intends", "forecast", "plans", "guidance" and similar expressions are intended to identify forward-looking statements or information.
More particularly and without limitation, this news release contains forward-looking statements and information relating to the Company's oil and condensate, other NGLs, and natural gas production, capital programs, and adjusted working capital. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions relating to prevailing commodity prices and exchange rates, applicable royalty rates and tax laws, future well production rates, the performance of existing wells, the success of drilling new wells, the availability of capital to undertake planned activities, and the availability and cost of labour and services.
Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, it can give no assurance that such expectations will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of estimates and projections relating to production rates, costs, and expenses, commodity price and exchange rate fluctuations, marketing and transportation, environmental risks, competition, the ability to access sufficient capital from internal and external sources and changes in tax, royalty, and environmental legislation. The forward-looking statements and information contained in this document are made as of the date hereof for the purpose of providing the readers with the Company's expectations for the coming year. The forward-looking statements and information may not be appropriate for other purposes. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Coelacanth is an oil and natural gas company, actively engaged in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada.
Further Information
For additional information, please contact:
Coelacanth Energy Inc.
Suite 2110, 530 - 8th Avenue SW
Calgary, Alberta T2P 3S8
Phone: (403) 705-4525
www.coelacanth.ca
Mr. Robert J. Zakresky
President and Chief Executive Officer
Mr. Nolan Chicoine
Vice President, Finance and Chief Financial Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230803
FAQ
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