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Coelacanth Announces Q2 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 29, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coel...
About this update from Coelacanth Energy, Inc.
[{"type":"text","content":"Coelacanth Announces Q2 2024 Financial and Operating ResultsCalgary, Alberta--(Newsfile Corp. - August 29, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) (\"Coelacanth\" or the \"Company\") is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. All dollar figures are Canadian dollars unless otherwise noted.FINANCIAL RESULTSThree Months EndedSix Months EndedJune 30June 30($000s, except per share amounts)  2024    2023    % Change    2024    2023    % Change  Oil and natural gas sales3,1648262836,8301,780284      Cash flow from (used in) operating activities(480)765(163)2,776(1,277)(317)      Per share - basic and diluted (1)(-)-(-)0.01(-)100      Adjusted funds flow (used) (1)262(756)(135)1,340(1,310)(202)      Per share - basic and diluted-(-)(-)-(-)(-)      Net loss2,3292,16583,5303,954(11)      Per share - basic and diluted-0.01(100)0.010.01-      Capital expenditures (1)2,5223,642(31)3,7858,781(57)      Adjusted working capital (1)   64,38656,50014      Common shares outstanding (000s)            Weighted average - basic and diluted529,400425,44724529,298425,28224            End of period - basic   530,126426,38924      End of period - fully diluted          617,804  469,143  32  (1) See \"Non-GAAP and Other Financial Measures\" section.Three Months EndedSix Months EndedOPERATING RESULTS (1) June 30  June 30  2024 2023 % Change 2024 2023 % Change                    Daily production (2)      Oil and condensate (bbls/d)2845343629249496      Other NGLs (bbls/d) 39  14  179  38  14  171     ...