Coelacanth Energy, Inc. · TSXV:CEI
Coelacanth Energy — Investor Presentation (November 2026)
25 slides from Coelacanth Energy's investor presentation, November 2026
Slide 1: Corporate Presentation November 2026
CORPORATE PRESENTATION NOVEMBER 2026 TSXV:CEI
Slide 2: Corporate Snapshot – November 2026
CORPORATE SNAPSHOT – NOVEMBER 2026 A pure play Montney investment opportunity positioned for LNG. Corporate Information TSXV Trading Symbol CEI Shares Outstanding Basic 634.2 million Shares Outstanding FD 695.8 million Market Capitalization $443.9 million Price per share (Oct. 30, 2026) $0.70 Owners
Slide 3: CEI Investment Thesis
CEI INVESTMENT THESIS Take-Away TIDEWATER Canadian LNG a reality ▪ LNG Canada Phase 2 reached FID Sept. 29, 2026, doubling capacity to 28 Mtpa (~3.7 Bcf/d) for total sanctioned LNG projects of 4.4 Bcf/d ▪ Ksi Lisims (likely) would bring total Canadian LNG to ~6 Bcf/d Area Producers RESOURCE Resource
Slide 4: CEI Connected to LNG Expansions
CEI CONNECTED TO LNG EXPANSIONS Increased LNG capacity to diversify natural gas export markets. LNG EXPORT CAPACITY 4.4 Bcf/d of B.C. LNG now sanctioned, rising to ~6 Bcf/d with Ksi Lisims Bcf/d = LNG export volume; feed-gas requirement is ~15% higher. Other proposed B.C. proposed B.C. projects (e.g
Slide 5: Offshore vs Onshore Price Differential
OFFSHORE VS ONSHORE PRICE DIFFERENTIAL • Ensuring available supply will become more urgent as more LNG is sanctioned • A dearth of available properties will drive valuations • Long term supply agreements based on on-shore pricing or spot volume purchases are unlikely long-term solutions for LNG owne
Slide 6: LNG Exports to Improve Western Canada Gas Price
LNG EXPORTS TO IMPROVE WESTERN CANADA GAS PRICE Price differential from Western Canada vs Henry Hub expected to normalize to historical levels once LNG alleviates pipeline capacity issues. Sources: Supply and flows (Bcf/d) – Canada Energy Regulator, pipeline throughput and capacity data (NGTL, Westc
Slide 7: Coelacanth - Small Fish?
COELACANTH - SMALL FISH? Production: BC Energy Regulator, well production data, Montney formation gas, August 2026; AccuMap; Shell shown including ARC Resources (acquisition closed September 2, 2026). 7
Slide 8: CEI Stacked Montney Advantage
CEI STACKED MONTNEY ADVANTAGE Stacked Montney Zones CEI lands contain three to four prospective Montney zones that provide vertically stacked drilling locations and recoverable reserves vs. single-zone properties. Added efficiencies are also provided through infrastructure synergies and a reduced su
Slide 9: CEI Advantage Extends Beyond Stacked Montney
CEI ADVANTAGE EXTENDS BEYOND STACKED MONTNEY 9
Slide 10: Delineation Balanced by Meaningful Growth
DELINEATION BALANCED BY MEANINGFUL GROWTH Production and Reserves Growth Corporate objectives are to increase reserves through delineation; capital is prioritized where both production and reserve goals can be met. * *See “Production Growth” in the “Advisories” section of this Presentation. 10
Slide 11: CEI Spatial Delineation & Infrastructure Overview
CEI SPATIAL DELINEATION & INFRASTRUCTURE OVERVIEW Delineation of Montney Stack over large area key to moving land to bookable reserves.* * See “Drilling Locations” in the “Advisories” section of this Presentation. 11
Slide 12: CEI Delineation Moves Lands to Potential Reserves
CEI DELINEATION MOVES LANDS TO POTENTIAL RESERVES (LOWER MONTNEY AND UPPER MONTNEY) Successful delineation converts land to bookable reserves, surfacing value. * Potential 2P coverage is an internal management estimate of the area that may support the future assignment of proved plus probable reserv
Slide 13: CEI Lower Montney Map
CEI LOWER MONTNEY MAP • Approximately 240 locations to be confirmed through delineation • Learnings from first pad can be applied to subsequent pads to enhance recoveries and economics 14-05 Battery 16-03 Battery McMahon Plant Delineation 13
Slide 14: CEI Upper Montney Map
CEI UPPER MONTNEY MAP • Approximately 250 locations to be confirmed through delineation • Successful delineation at 9-32 combined with previous outperformance at B5-19 would confirm the pervasiveness of this zone 14-05 Battery 16-03 Battery McMahon Plant Delineation 14
Slide 15: CEI Basal Montney Map
CEI BASAL MONTNEY MAP • 80 possible locations have been identified in enhanced area • 12-27 core confirms material increase in porosity in a mappable area as compared to A5-19 • Wells to east (including A5-19) confirm resource and production but enhanced porosity area should have materially better p
Slide 16: Board of Directors
BOARD OF DIRECTORS 67% director independence WL William Lancaster, P. Geol. JB John A. Brussa, BA, LLB Chairperson Lead Director Senior Advisor to the President and a Director of GMT Exploration Company LLC ("GMT Mr. Brussa is the Chairman of Burnet, Duckworth & Palmer LLP, a Calgary-based energy Ex
Slide 17: Corporate Officers
CORPORATE OFFICERS Robert J. Zakresky, CA Former President & CEO of Leucrotta Exploration Inc., Crocotta Energy Inc., Chamaelo RZ Exploration Ltd., Chamaelo Energy Inc., Viracocha Energy Inc., & Bellator Exploration Inc. President & CEO Nolan Chicoine, MPAcc, CA Former CFO and VP Finance at Leucrott
Slide 18: Corporate Information
CORPORATE INFORMATION Corporate Service Contact Info Analyst Coverage Providers Address Acumen Capital Auditors Suite 2110, 530 – 8th Avenue SW Trevor Reynolds KPMG LLP Calgary, AB T2P 3S8 ATB Cormark Legal Telephone Kalvin Baim Gowling WLG (Canada) LLP (403) 705-4525 Haywood Capital Markets Indepen
Slide 19: Advisories
ADVISORIES FORWARD LOOKING INFORMATION This document contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “should”, “believe”, “intends”, “poten
Slide 20: Advisories, Cont'd
ADVISORIES, CONT’D Production Growth, Cont’d This production growth profile specifically contains expectations and assumptions relating to prevailing commodity prices and exchange rates, applicable royalty rates and tax laws, future well production rates, the success of drilling new wells, the avail
Slide 21: Advisories, Cont'd
ADVISORIES, CONT’D Resources Data GLJ Ltd. provided a Resource Report effective June 30, 2025 on Coelacanth’s Two Rivers Montney lands encompassing approximately 150 net sections over 4 identified Montney zones, prepared in accordance with NI 51-101 and the COGE Handbook. See news release dated Augu
Slide 22: Advisories, Cont'd
ADVISORIES, CONT’D Drilling Locations This presentation discloses drilling locations in three categories: (i) proved locations; (ii) probable locations; and (iii) unbooked locations. Proved and probable locations are derived from the GLJ reserves evaluation effective December 31, 2025, and represent
Slide 23: Advisories, Cont'd
ADVISORIES, CONT’D Non-GAAP and Other Financial Measures Cont’d "Adjusted working capital” is used by management to assess the Company’s financial position; the most directly comparable IFRS measure is working capital. Adjusted working capital is calculated as current assets and restricted cash depo
Slide 24: Abbreviations
ABBREVIATIONS 1P proved reserves Mcf thousand cubic feet 2P proved plus probable reserves Mcf/d thousand cubic feet per day $, C$ Canadian dollars MMBtu million British thermal units Bbbl billion barrels MMcf/d million cubic feet per day bbl barrel(s) Mtpa million tonnes per annum bbl/d barrels per
Slide 25: Thank you
ESS Ag 6) Thank you
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