Coelacanth Energy, Inc. (TSE:CEI) has released an update.
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Coelacanth Energy Inc. has obtained necessary regulatory approvals for its Two Rivers East Project infrastructure, including a new facility and pipelines, with an estimated cost of $80 million, and an expected initial production of 4,500 barrels of oil equivalent per day (boe/d). The project’s progress includes a finalized processing agreement with NorthRiver Midstream Inc. for a 10-year term, enhancing the company’s capacity with secured long-term takeaway arrangements.
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