Crystal Exploration Inc.

Calgary, Alberta--(Newsfile Corp. - January 18, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Basal Montney well on the 5-19 pad.LOWER MONTNEYThe 3 Lower Montney wells (C5-19, D5-19, E5-19) were drilled with an average horizontal length of 3,140 metres and completed with approximately 2.5 tonnes of sand per horizontal metre. Drilling and completion costs came in slightly under budget at approximately $9.0 million per well. The wells were placed o...

Calgary, Alberta--(Newsfile Corp. - March 7, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its Board of Directors has approved a capital budget ("Budget") of up to $128 million to be invested in 2024 and Q1 2025. Substantially all of the Budget will be spent at Two Rivers where Coelacanth is developing its large Montney acreage position. Approximately $80 million is to be invested in infrastructure at Two Rivers East where the Company had previously announced its successful first pad (see below) with drilling and completions estimated at $45 millio...

Calgary, Alberta--(Newsfile Corp. - March 15, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,885,634 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,942,816 Common Shares to certain of its directors and officers. It has also approved the granting of 1,351,333 Options and 645,667 RSU...