{"id":1923,"date":"2025-11-20T15:37:05","date_gmt":"2025-11-20T15:37:05","guid":{"rendered":"https:\/\/bondsandfonds.com\/index.php\/2025\/11\/20\/coelacanth-announces-q3-2025-financial-and-operating-results\/"},"modified":"2025-11-20T15:37:05","modified_gmt":"2025-11-20T15:37:05","slug":"coelacanth-announces-q3-2025-financial-and-operating-results","status":"publish","type":"post","link":"https:\/\/bondsandfonds.com\/index.php\/2025\/11\/20\/coelacanth-announces-q3-2025-financial-and-operating-results\/","title":{"rendered":"Coelacanth Announces Q3 2025 Financial and Operating Results"},"content":{"rendered":"<\/p>\n<div>\n<p>Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (&#8216;Coelacanth&#8217; or the &#8216;Company&#8217;) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. All dollar figures are Canadian dollars unless otherwise noted.<\/p>\n<p><b>HIGHLIGHTS<\/b><\/p>\n<ul class=\"ee-ul\"><\/ul>\n<ul class=\"ee-ul\">\n<li>Increased oil and natural gas sales 381% to $11.4 million in Q3 2025 from $2.4 million in Q3 2024.<\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li>Subsequent to September 30, 2025, entered into a $80.0 million credit facility with current lender to replace its previous credit facilities.<\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td><b>FINANCIAL RESULTS<\/b><\/td>\n<td colspan=\"3\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"3\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\"><b>September 30<\/b><\/td>\n<td colspan=\"3\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td>($000s, except per share amounts)<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td>\u00a0% Change<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td>\u00a0% Change<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Oil and natural gas sales<\/b><\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11,372<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,362<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 381<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18,866<\/b><\/td>\n<td>\u00a09,192<\/td>\n<td>\u00a0105<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Cash flow from (used in) operating activities<\/b><\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,712<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,730)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (226)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,054<\/b><\/td>\n<td>\u00a0(954)<\/td>\n<td>\u00a0(525)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Per share &#8211; basic and diluted <sup>(1)<\/sup> <\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.01<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.01)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (200)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.01<\/b><\/td>\n<td>\u00a0(-)\u00a0<\/td>\n<td>\u00a0(100)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Adjusted funds flow (used) <sup>(1)<\/sup><\/b><\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,386<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (207)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,253)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 533<\/b><\/td>\n<td>\u00a01,133<\/td>\n<td>\u00a0(53)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Per share &#8211; basic and diluted<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/b><\/td>\n<td>\u00a0(-)\u00a0<\/td>\n<td>\u00a0(-)\u00a0<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/b><\/td>\n<td>\u00a0&#8211;<\/td>\n<td>\u00a0&#8211;<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Net loss<\/b><\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,764)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,464)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (28)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8,845)<\/b><\/td>\n<td>\u00a0(5,994)<\/td>\n<td>\u00a048<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Per share &#8211; basic and diluted<\/td>\n<td><b>\u00a0(-)\u00a0<\/b><\/td>\n<td>\u00a0(-)\u00a0<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.02)<\/b><\/td>\n<td>\u00a0(0.01)<\/td>\n<td>\u00a0100<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Capital expenditures <sup>(1)<\/sup><\/b><\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,104<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 15,760<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (61)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 46,078<\/b><\/td>\n<td>\u00a019,545<\/td>\n<td>\u00a0136<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Adjusted working capital (deficiency) <sup>(1)<\/sup><\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0 (46,606)<\/b><\/td>\n<td>\u00a047,264<\/td>\n<td>\u00a0(199)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Common shares outstanding (000s)<\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Weighted average &#8211; basic and diluted<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0 532,917<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0 530,212<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0 532,218<\/b><\/td>\n<td>\u00a0529,605<\/td>\n<td>\u00a0&#8211;<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 End of period &#8211; basic<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0 533,029<\/b><\/td>\n<td>\u00a0530,267<\/td>\n<td>\u00a01<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 End of period &#8211; fully diluted<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0 591,544<\/b><\/td>\n<td>\u00a0617,214<\/td>\n<td>\u00a0(4)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p>(1) See &#8216;Non-GAAP and Other Financial Measures&#8217; section.<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"3\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>OPERATING RESULTS <sup>(1)<\/sup><\/b><\/td>\n<td colspan=\"3\"><b>September 30<\/b><\/td>\n<td colspan=\"3\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td>\u00a0% Change<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td>\u00a0% Change<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Daily production <sup>(2)<\/sup> <\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and condensate (bbls\/d)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,372<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 221<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 521<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 703<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 268<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 162<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Other NGLs (bbls\/d)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 92<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 179<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 48<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and NGLs (bbls\/d)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,464<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 254<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 476<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 751<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 304<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 147<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Natural gas (mcf\/d)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,896<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,450<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 216<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,050<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,702<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 63<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil equivalent (boe\/d)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,280<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 829<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 296<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,759<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 921<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 91<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Oil and natural gas sales<\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and condensate ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 79.73<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 89.68<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 81.36<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90.88<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Other NGLs ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26.40<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.39<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (16)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.48<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33.20<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (14)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and NGLs ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 76.41<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 82.10<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 77.99<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 84.00<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Natural gas ($\/mcf)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.08<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.41<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (23)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.74<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.16<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (19)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil equivalent ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 37.69<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.99<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 22<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 39.28<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36.41<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Royalties<\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and NGLs ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17.22<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 15.52<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17.21<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19.73<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Natural gas ($\/mcf)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.01<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.06<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (83)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.12<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.23<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (48)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil equivalent ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.70<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5.02<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 53<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.76<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.44<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Operating expenses<\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and NGLs ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.92<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.07<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (21)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.90<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.10<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Natural gas ($\/mcf)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.28<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.68<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (24)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.48<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.68<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil equivalent ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.79<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.07<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (23)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.90<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.10<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Net transportation expenses <sup>(3)<\/sup><\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and NGLs ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.25<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.36<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.11<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.30<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 79<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Natural gas ($\/mcf)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.48<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.76<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (37)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.58<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.72<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (19)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil equivalent ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.48<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.91<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.75<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.65<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>Operating netback (loss) <sup>(3)<\/sup><\/b><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil and NGLs ($\/bbl)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47.02<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 54.15<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47.77<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 51.87<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Natural gas ($\/mcf)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.69)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1.09)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (37)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.44)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.47)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (6)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Oil equivalent ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18.72<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11.99<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 56<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18.87<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 15.22<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Depletion and depreciation ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10.26)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (14.89)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (31)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11.41)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (14.71)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (22)<\/td>\n<\/tr>\n<tr>\n<td>General and administrative expenses ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (4.61)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12.51)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (63)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9.14)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13.90)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (34)<\/td>\n<\/tr>\n<tr>\n<td>Stock based compensation ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3.82)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13.81)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (72)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7.39)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12.72)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (42)<\/td>\n<\/tr>\n<tr>\n<td>Finance expense ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5.64)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2.71)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 108<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8.36)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1.72)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 386<\/td>\n<\/tr>\n<tr>\n<td>Finance income ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.16<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9.54<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (98)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.46<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.03<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (95)<\/td>\n<\/tr>\n<tr>\n<td>Unutilized transportation ($\/boe)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.39)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9.94)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (96)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1.45)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5.96)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (76)<\/td>\n<\/tr>\n<tr>\n<td><b>Net loss ($\/boe)<\/b><\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5.84)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (32.33)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (82)<\/td>\n<td><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (18.42)<\/b><\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (23.76)<\/td>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (22)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p>(1) See &#8216;Oil and Gas Terms&#8217; section.<br \/>(2) See &#8216;Product Types&#8217; section.<br \/>(3) See &#8216;Non-GAAP and Other Financial Measures&#8217; section. <\/p>\n<p>Selected financial and operational information outlined in this news release should be read in conjunction with Coelacanth&#8217;s unaudited condensed interim financial statements and related Management&#8217;s Discussion and Analysis (&#8216;MD&amp;A&#8217;) for the three and nine months ended September 30, 2025, which are available for review under the Company&#8217;s profile on SEDAR+ at https:\/\/www.sedarplus.ca.<\/p>\n<\/p>\n<p><b>OPERATIONS UPDATE<\/b><\/p>\n<p>Coelacanth is continuing to work through its business plan of delineating and developing its large Montney resource base at Two Rivers that encompasses over 150 contiguous sections of Montney land tenure.<\/p>\n<p>We are currently drilling three additional development wells on the 5-19 pad and will systematically bring on production from these wells plus prior drilled wells on the pad from now through early February.<\/p>\n<p>Future development will consist of continued drilling in the vicinity of the 5-19 pad while significant step-outs will be incorporated into the capital budget to accelerate the delineation of the resource both aerially through the land base and vertically through the various Montney zones present on the land base.<\/p>\n<p>We look forward to reporting on future developments as they arise.<\/p>\n<p><b>OIL AND GAS TERMS<\/b><\/p>\n<p>The Company uses the following frequently recurring oil and gas industry terms in the news release:<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td> <i><b>Liquids<br \/><\/b><\/i>Bbls<br \/>Bbls\/d<br \/>NGLs<br \/>Condensate<\/p>\n<\/td>\n<td>Barrels<br \/>Barrels per day<br \/>Natural gas liquids (includes condensate, pentane, butane, propane, and ethane)<br \/>Pentane and heavier hydrocarbons\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td> <i><b>Natural Gas<br \/><\/b><\/i>Mcf<br \/>Mcf\/d<br \/>MMcf\/d<\/p>\n<\/td>\n<td>Thousands of cubic feet<br \/>Thousands of cubic feet per day<br \/>Millions of cubic feet per day<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td> <i><b>Oil Equivalent<br \/><\/b><\/i>Boe<br \/>Boe\/d<\/td>\n<td>Barrels of oil equivalent<br \/>Barrels of oil equivalent per day<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p>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.<\/p>\n<p><b>NON-GAAP AND OTHER FINANCIAL MEASURES<\/b><\/p>\n<p>This news release refers to certain measures that are not determined in accordance with IFRS (or &#8216;GAAP&#8217;). 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&#8217;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&#8217;s ongoing operating performance, and the measures provide increased transparency to better analyze the Company&#8217;s performance against prior periods on a comparable basis.<\/p>\n<p><b>Non-GAAP Financial Measures<\/b><\/p>\n<p><i><b>Adjusted funds flow (used)<br \/><\/b><\/i>Management uses adjusted funds flow (used) to analyze performance and considers it a key measure as it demonstrates the Company&#8217;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&#8217;s cash flows. Adjusted funds flow (used) is reconciled from cash flow from (used in) operating activities as follows:<\/p>\n<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<colgroup>\n<col width=\"306\">\n<col width=\"82\"> <\/colgroup>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"2\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td>($000s)<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<\/tr>\n<tr>\n<td>Cash flow from (used in) operating activities\u00a0<\/td>\n<td><b>\u00a04,712 <\/b><\/td>\n<td>\u00a0(3,730)<\/td>\n<td><b>\u00a04,054 <\/b><\/td>\n<td>\u00a0(954)<\/td>\n<\/tr>\n<tr>\n<td>Add (deduct):<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Decommissioning expenditures<\/td>\n<td><b>\u00a0198 <\/b><\/td>\n<td>\u00a0790 <\/td>\n<td><b>\u00a0385 <\/b><\/td>\n<td>\u00a01,266 <\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Change in restricted cash deposits<\/td>\n<td><b>\u00a0&#8211; <\/b><\/td>\n<td>\u00a02,139 <\/td>\n<td><b>\u00a0&#8211; <\/b><\/td>\n<td>\u00a02,985 <\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Change in non-cash working capital<\/td>\n<td><b>\u00a0(2,524)<\/b><\/td>\n<td>\u00a0594 <\/td>\n<td><b>\u00a0(3,906)<\/b><\/td>\n<td>\u00a0(2,164)<\/td>\n<\/tr>\n<tr>\n<td>Adjusted funds flow (used) (non-GAAP)<\/td>\n<td><b>\u00a02,386 <\/b><\/td>\n<td>\u00a0(207)<\/td>\n<td><b>\u00a0533 <\/b><\/td>\n<td>\u00a01,133 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><i><b>Net transportation expenses<br \/><\/b><\/i>Management considers net transportation expenses an important measure as it demonstrates the cost of utilized transportation related to the Company&#8217;s production. Net transportation expenses is calculated as transportation expenses less unutilized transportation and is calculated as follows:<\/p>\n<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<colgroup>\n<col width=\"306\">\n<col width=\"82\"> <\/colgroup>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"2\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td>($000s)<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<\/tr>\n<tr>\n<td>Transportation expenses<\/td>\n<td><b>\u00a01,168 <\/b><\/td>\n<td>\u00a01,055 <\/td>\n<td><b>\u00a02,498 <\/b><\/td>\n<td>\u00a02,426 <\/td>\n<\/tr>\n<tr>\n<td>Unutilized transportation<\/td>\n<td><b>\u00a0(119)<\/b><\/td>\n<td>\u00a0(757)<\/td>\n<td><b>\u00a0(699)<\/b><\/td>\n<td>\u00a0(1,504)<\/td>\n<\/tr>\n<tr>\n<td>Net transportation expenses (non-GAAP)<\/td>\n<td><b>\u00a01,049 <\/b><\/td>\n<td>\u00a0298 <\/td>\n<td><b>\u00a01,799 <\/b><\/td>\n<td>\u00a0922 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><i><b>Operating netback<br \/><\/b><\/i>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:<\/p>\n<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<colgroup>\n<col width=\"307\">\n<col width=\"82\"> <\/colgroup>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"2\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td>($000s)<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<\/tr>\n<tr>\n<td>Oil and natural gas sales<\/td>\n<td><b>\u00a011,372 <\/b><\/td>\n<td>\u00a02,362 <\/td>\n<td><b>\u00a018,866 <\/b><\/td>\n<td>\u00a09,192 <\/td>\n<\/tr>\n<tr>\n<td>Royalties<\/td>\n<td><b>\u00a0(2,324)<\/b><\/td>\n<td>\u00a0(383)<\/td>\n<td><b>\u00a0(3,725)<\/b><\/td>\n<td>\u00a0(1,878)<\/td>\n<\/tr>\n<tr>\n<td>Operating expenses<\/td>\n<td><b>\u00a0(2,349)<\/b><\/td>\n<td>\u00a0(767)<\/td>\n<td><b>\u00a0(4,272)<\/b><\/td>\n<td>\u00a0(2,549)<\/td>\n<\/tr>\n<tr>\n<td>Net transportation expenses<\/td>\n<td><b>\u00a0(1,049)<\/b><\/td>\n<td>\u00a0(298)<\/td>\n<td><b>\u00a0(1,799)<\/b><\/td>\n<td>\u00a0(922)<\/td>\n<\/tr>\n<tr>\n<td>Operating netback (non-GAAP)<\/td>\n<td><b>\u00a05,650 <\/b><\/td>\n<td>\u00a0914 <\/td>\n<td><b>\u00a09,070 <\/b><\/td>\n<td>\u00a03,843 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><i><b>Capital expenditures<br \/><\/b><\/i>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:<\/p>\n<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<colgroup>\n<col width=\"306\">\n<col width=\"82\"> <\/colgroup>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"2\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td>($000s)<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<\/tr>\n<tr>\n<td>Capital expenditures \u2013 property, plant, and equipment<\/td>\n<td><b>\u00a04,238 <\/b><\/td>\n<td>\u00a0396 <\/td>\n<td><b>\u00a05,276 <\/b><\/td>\n<td>\u00a0973 <\/td>\n<\/tr>\n<tr>\n<td>Capital expenditures \u2013 exploration and evaluation assets<\/td>\n<td><b>\u00a01,866 <\/b><\/td>\n<td>\u00a015,364 <\/td>\n<td><b>\u00a040,802 <\/b><\/td>\n<td>\u00a018,572 <\/td>\n<\/tr>\n<tr>\n<td>Capital expenditures (non-GAAP)<\/td>\n<td><b>\u00a06,104 <\/b><\/td>\n<td>\u00a015,760 <\/td>\n<td><b>\u00a046,078 <\/b><\/td>\n<td>\u00a019,545 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><b>Capital Management Measures<\/b><\/p>\n<p><i><b>Adjusted working capital (deficiency)<br \/><\/b><\/i>Management uses adjusted working capital (deficiency) as a measure to assess the Company&#8217;s financial position. Adjusted working capital (deficiency) is calculated as current assets and restricted cash deposits less current liabilities, excluding the current portion of decommissioning obligations. <\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td>($000s)<\/td>\n<td><b>\u00a0September 30, 2025<\/b><\/td>\n<td>\u00a0December 31, 2024<\/td>\n<\/tr>\n<tr>\n<td>Current assets<\/td>\n<td><b>\u00a04,259<\/b><\/td>\n<td>\u00a011,579<\/td>\n<\/tr>\n<tr>\n<td>Less:\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Current liabilities\u00a0<\/td>\n<td><b>\u00a0(56,325)<\/b><\/td>\n<td>\u00a0(37,234)<\/td>\n<\/tr>\n<tr>\n<td>Working capital deficiency<\/td>\n<td><b>\u00a0(52,066)<\/b><\/td>\n<td>\u00a0(25,655)<\/td>\n<\/tr>\n<tr>\n<td>Add:\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Restricted cash deposits<\/td>\n<td><b>\u00a04,900<\/b><\/td>\n<td>\u00a04,900<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0 Current portion of decommissioning obligations<\/td>\n<td><b>\u00a0560<\/b><\/td>\n<td>\u00a02,118<\/td>\n<\/tr>\n<tr>\n<td>Adjusted working capital deficiency (Capital management measure)<\/td>\n<td><b>\u00a0(46,606)<\/b><\/td>\n<td>\u00a0(18,637)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><b>Non-GAAP Financial Ratios<\/b><\/p>\n<p><i><b>Adjusted Funds Flow (Used) per Share<br \/><\/b><\/i>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.<\/p>\n<p><i><b>Net transportation expenses per boe<br \/><\/b><\/i>The Company utilizes net transportation expenses per boe to assess the per unit cost of utilized transportation related to the Company&#8217;s production. Net transportation expenses per boe is calculated as net transportation expenses divided by total production for the applicable period. <\/p>\n<p><i><b>Operating netback per boe<br \/><\/b><\/i>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.<\/p>\n<p><b>Supplementary Financial Measures<\/b><\/p>\n<p>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.<\/p>\n<p><b>PRODUCT TYPES<\/b><\/p>\n<p>The Company uses the following references to sales volumes in the news release:<\/p>\n<p><i><b>Natural gas<\/b><\/i> refers to shale gas<br \/><i><b>Oil and condensate<\/b><\/i> refers to condensate and tight oil combined<br \/><i><b>Other NGLs<\/b><\/i> refers to butane, propane and ethane combined<br \/><i><b>Oil and NGLs<\/b><\/i> refers to tight oil and NGLs combined<br \/><b>Oil equivalent<\/b> 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. <\/p>\n<p>The following is a complete breakdown of sales volumes for applicable periods by specific product types of shale gas, tight oil, and NGLs:<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\"><b>Three Months Ended<\/b><\/td>\n<td colspan=\"2\"><b>Nine Months Ended<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<td colspan=\"2\"><b>September 30<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Sales Volumes by Product Type<\/b><\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<td><b>\u00a02025<\/b><\/td>\n<td>\u00a02024<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Condensate (bbls\/d)<\/td>\n<td><b>\u00a046<\/b><\/td>\n<td>\u00a033<\/td>\n<td><b>\u00a027<\/b><\/td>\n<td>\u00a036<\/td>\n<\/tr>\n<tr>\n<td>Other NGLs (bbls\/d)<\/td>\n<td><b>\u00a092<\/b><\/td>\n<td>\u00a033<\/td>\n<td><b>\u00a048<\/b><\/td>\n<td>\u00a036<\/td>\n<\/tr>\n<tr>\n<td>NGLs (bbls\/d)<\/td>\n<td><b>\u00a0138<\/b><\/td>\n<td>\u00a066<\/td>\n<td><b>\u00a075<\/b><\/td>\n<td>\u00a072<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Tight oil (bbls\/d)<\/td>\n<td><b>\u00a01,326<\/b><\/td>\n<td>\u00a0188<\/td>\n<td><b>\u00a0676<\/b><\/td>\n<td>\u00a0232<\/td>\n<\/tr>\n<tr>\n<td>Condensate (bbls\/d)<\/td>\n<td><b>\u00a046<\/b><\/td>\n<td>\u00a033<\/td>\n<td><b>\u00a027<\/b><\/td>\n<td>\u00a036<\/td>\n<\/tr>\n<tr>\n<td>Oil and condensate (bbls\/d)<\/td>\n<td><b>\u00a01,372<\/b><\/td>\n<td>\u00a0221<\/td>\n<td><b>\u00a0703<\/b><\/td>\n<td>\u00a0268<\/td>\n<\/tr>\n<tr>\n<td>Other NGLs (bbls\/d)<\/td>\n<td><b>\u00a092<\/b><\/td>\n<td>\u00a033<\/td>\n<td><b>\u00a048<\/b><\/td>\n<td>\u00a036<\/td>\n<\/tr>\n<tr>\n<td>Oil and NGLs (bbls\/d)<\/td>\n<td><b>\u00a01,464<\/b><\/td>\n<td>\u00a0254<\/td>\n<td><b>\u00a0751<\/b><\/td>\n<td>\u00a0304<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Shale gas (mcf\/d)<\/td>\n<td><b>\u00a010,896<\/b><\/td>\n<td>\u00a03,450<\/td>\n<td><b>\u00a06,050<\/b><\/td>\n<td>\u00a03,702<\/td>\n<\/tr>\n<tr>\n<td>Natural gas (mcf\/d)<\/td>\n<td><b>\u00a010,896<\/b><\/td>\n<td>\u00a03,450<\/td>\n<td><b>\u00a06,050<\/b><\/td>\n<td>\u00a03,702<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Oil equivalent (boe\/d)<\/td>\n<td><b>\u00a03,280<\/b><\/td>\n<td>\u00a0829<\/td>\n<td><b>\u00a01,759<\/b><\/td>\n<td>\u00a0921<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p> <b>FORWARD-LOOKING INFORMATION<\/b><\/p>\n<p>This document contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words &#8216;expect&#8217;, &#8216;anticipate&#8217;, &#8216;continue&#8217;, &#8216;estimate&#8217;, &#8216;may&#8217;, &#8216;will&#8217;, &#8216;should&#8217;, &#8216;believe&#8217;, &#8216;intends&#8217;, &#8216;forecast&#8217;, &#8216;plans&#8217;, &#8216;guidance&#8217; and similar expressions are intended to identify forward-looking statements or information. <\/p>\n<p>More particularly and without limitation, this news release contains forward-looking statements and information relating to the Company&#8217;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.<\/p>\n<p>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&#8217;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.<\/p>\n<p>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. <\/p>\n<div>\n<p><b>Further Information<\/b><\/p>\n<p>For additional information, please contact:<\/p>\n<p>Coelacanth Energy Inc.<br \/>Suite 2110, 530 &#8211; 8<sup>th<\/sup> Avenue SW<br \/>Calgary, Alberta T2P 3S8<br \/>Phone: (403) 705-4525<br \/>www.coelacanth.ca<\/p>\n<p>Mr. Robert J. Zakresky<br \/>President and Chief Executive Officer<\/p>\n<p>Mr. Nolan Chicoine<br \/>Vice President, Finance and Chief Financial Officer<\/p>\n<\/p>\n<\/div>\n<p><b>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.<\/b><\/p>\n<\/p>\n<p>To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/275291<\/p>\n<\/p>\n<\/div>\n<p>News Provided by Newsfile via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (&#8216;Coelacanth&#8217; or the &#8216;Company&#8217;) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas sales 381% to $11.4 million in Q3 2025 from $2.4 million in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/1923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/comments?post=1923"}],"version-history":[{"count":0,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/1923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media\/1924"}],"wp:attachment":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media?parent=1923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/categories?post=1923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/tags?post=1923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}