Core Viewpoint - Coelacanth Energy Inc. has provided an operations update, revised reserve report, and initial resource report, highlighting successful production from new wells and an increase in reserve values [1][4][7]. Operations Update - The company completed and commissioned a new battery facility in early June and began production from nine previously drilled Montney wells, with results exceeding expectations despite low natural gas prices [2][3]. - Three Lower Montney wells (D5-19, E5-19, F5-19) were placed on production, showing meaningful initial production data [3]. Reserve Report - The updated GLJ reserves report, effective June 30, 2025, reflects a mechanical update without changing production profiles but increases overall reserve value by $40.4 million and producing status reserves by $107.4 million [4][7]. - The report reclassifies reserves on all nine Montney wells from non-producing to producing status, totaling 8.7 million barrels of oil equivalent (boe) [6]. Reserves Summary - As of June 30, 2025, Coelacanth's reserves are as follows: - Proved Producing: 10,374 Mboe - Total Proved: 16,878 Mboe - Total Proved & Probable: 27,302 Mboe [9]. Resource Report - The GLJ resource report estimates 6.9 billion barrels of Discovered Petroleum Initially-In-Place (PIIP) and 5.9 trillion cubic feet of Discovered Gas PIIP on Coelacanth's Two Rivers Montney lands [13]. - The report also estimates 8.3 billion barrels of Undiscovered Petroleum PIIP and 7.1 trillion cubic feet of Undiscovered Gas PIIP [13]. Price Forecast - The GLJ price forecast for Q3-Q4 2025 includes WTI Oil at $65.00 per barrel and AECO Natural Gas at $2.20 per Mmbtu, with a gradual increase in prices projected through 2034 [12].