Coelacanth Announces Q3 2025 Financial and Operating Results

Core Insights - Coelacanth Energy Inc. reported significant financial and operational improvements for the three and nine months ended September 30, 2025, with notable increases in oil and natural gas sales and production levels [2][4][29] Financial Results - Oil and natural gas sales increased by 381% to CAD 11.4 million in Q3 2025 from CAD 2.4 million in Q3 2024 [2][4] - Cash flow from operating activities improved to CAD 4.7 million in Q3 2025 from a negative CAD 3.7 million in Q3 2024 [2][12] - Net loss decreased by 28% to CAD 1.8 million in Q3 2025 from CAD 2.5 million in Q3 2024 [2][4] - Capital expenditures for Q3 2025 were CAD 6.1 million, a 61% decrease from CAD 15.8 million in Q3 2024 [2][16] - Adjusted working capital deficiency was CAD 46.6 million as of September 30, 2025, compared to CAD 18.6 million at the end of 2024 [2][18] Operating Results - Daily oil and condensate production rose to 1,372 bbls/d in Q3 2025, a 521% increase from 221 bbls/d in Q3 2024 [3][5] - Total oil equivalent production increased by 296% to 3,280 boe/d in Q3 2025 from 829 boe/d in Q3 2024 [4][5] - Natural gas production also saw a significant increase, reaching 10,896 mcf/d in Q3 2025, up 216% from 3,450 mcf/d in Q3 2024 [5][25] Future Developments - The company is actively drilling three additional development wells at the 5-19 pad and plans to bring these wells into production by early February 2026 [8][9] - Future development will focus on continued drilling in the vicinity of the 5-19 pad and expanding the resource delineation both aerially and vertically [9]