Coelacanth Energy, Inc. (TSE:CEI) has released an update.
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Coelacanth Energy Inc. reports a significant increase in its year-end reserves for 2023, with a 216% boost in Total Proved plus Probable reserves reaching 14.1 million barrels of oil equivalent (BOE) and a 426% surge in Total Proved reserves to 10.5 million BOE. The company’s reserve value also soared by 192% to $93.9 million, indicating a robust growth trajectory for Coelacanth’s Two Rivers Montney Project.
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