Coelacanth Energy Reports Strong Q3 2025 Growth in Production

Coelacanth Energy Inc. has released its financial and operational results for the third quarter of 2025, showcasing significant growth in oil and natural gas production. For the three months ending September 30, 2025, the company reported a remarkable increase in production, reaching 3,280 barrels of oil equivalent per day (boe/d), which marks a substantial 296% rise from 829 boe/d during the same period in 2024. This surge reflects Coelacanth’s ongoing commitment to maximizing its resource potential in northeastern British Columbia.

The financial results are equally impressive. The company recorded oil and natural gas sales of $11.4 million in Q3 2025, a staggering increase of 381% compared to $2.4 million in Q3 2024. This growth underlines the effectiveness of Coelacanth’s strategy to develop its extensive Montney resource base, which spans over 150 contiguous sections of land.

Operational Developments and Future Plans

Coelacanth has been actively executing its business plan for the Montney resource at Two Rivers. The company is currently drilling three additional development wells on the 5-19 pad. The systematic production from these new wells, along with previously drilled wells, is expected to commence from now until early February 2026. Management anticipates continued drilling in the vicinity of the 5-19 pad, with plans for significant capital investment to enhance resource delineation both aerially and vertically.

Following September 30, 2025, Coelacanth secured an $80.0 million credit facility with its current lender to replace previous credit arrangements. This development provides the company with additional financial flexibility to support its growth initiatives and operational plans.

Understanding Financial Measures

The company has provided non-GAAP financial measures to enhance transparency regarding its performance. One key metric is the adjusted funds flow, which is critical for understanding Coelacanth’s ability to generate cash necessary for future capital investments. This measure is defined as cash flow from operating activities, excluding changes in non-cash working capital, and is expected to provide a clearer picture of the company’s operational efficiency.

Coelacanth also tracks net transportation expenses to assess the costs associated with its production. Operating netback, which is essential for evaluating profitability, is calculated as oil and natural gas sales minus royalties, operating expenses, and net transportation costs. These measures are particularly informative for shareholders and investors, allowing for a better understanding of the company’s financial health.

As Coelacanth continues to evolve, it remains committed to transparency and clarity in its reporting to stakeholders. The company encourages investors and interested parties to review its unaudited condensed interim financial statements and related Management’s Discussion and Analysis, available on the SEDAR+ platform.

Forward-looking statements included in the report indicate the company’s expectations regarding future production, capital programs, and financial performance. These statements are based on assumptions regarding commodity prices, production rates, and the availability of capital. While Coelacanth believes these expectations are reasonable, actual results may vary due to various risks associated with the oil and gas industry.

Coelacanth Energy Inc. is dedicated to the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, operating with a commitment to sustainable growth and operational excellence.

For further information, stakeholders can contact Coelacanth Energy Inc. at their Calgary office or visit their official website.