Coelacanth Announces 2025 Year-End Reserves
Original announcement by orestocks on
- Company
- Coelacanth Energy Inc.
- Ticker
- CEI.V
- Exchange
- Unavailable
- Region
- Alberta
- Primary commodity
- Oil equivalent
- Secondary commodities
- Tight oil, Shale natural gas, Ngl
- Document categories
- Resource update
- Extracted
- 2026-10-01 04:14:57 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Coelacanth Energy Inc. announced its 2025 year-end reserves, independently evaluated by GLJ Ltd. The company reported a 672% increase in Total Proved Producing reserves to 14.2 million boe and a 33% increase in Total Proved plus Probable reserves to 36.7 million boe. These increases were accompanied by significant growth in reserve values, reflecting strategic investments in the Two Rivers Montney Project.
Reasoning: Coelacanth Energy Inc. announced substantial increases in both Proved Producing and Proved plus Probable reserves, along with increased reserve values, based on an independent evaluation compliant with industry standards.
Positive factors
- Significant increase in Proved Producing reserves (672%)
- Significant increase in Proved plus Probable reserves (33%)
- Increased reserve value
- Compliance with NI 51-101
- Strategic investment in infrastructure and drilling
Negative factors
- No specific Qualified Person named as signing off
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 20
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Total Proved Producing reserves increased by 672% to 14.2 million boe from 1.8 million boe.
Evidence · text
“Increased Total Proved Producing reserves by 672% to 14.2 million boe from 1.8 million boe.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Total Proved plus Probable reserves increased by 33% to 36.7 million boe from 27.5 million boe.
Evidence · text
“Increased Total Proved plus Probable reserves by 33% to 36.7 million boe from 27.5 million boe.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The reserves were evaluated in accordance with National Instrument 51-101 ("NI 51-101").
Evidence · text
“in accordance with National Instrument 51-101 ("NI 51-101")”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces the company's 2025 year-end reserves.
Evidence · text
“Coelacanth Announces 2025 Year-End Reserves”
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: The reserves were independently evaluated by GLJ Ltd., but no specific Qualified Person or Competent Person is named as signing off on the estimate.
Evidence · text
“independently evaluated by GLJ Ltd.”
Extracted facts
Stored fact records: 20. Some facts used in scoring do not have a stored record.
Resource Estimates (20)
provenTwo Rivers Montney Project · tight_oilTonnes: 2518000Contained Metal: 2518Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- tight_oil
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:5b2e5e69e732a94a8e27
Resource Data
- Category
- proven
- Tonnes
- 2518000
- Contained Metal
- 2518
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Producing Tight Oil reserves contribute to the overall positive reserve update, showing a substantial increase in the company's asset base.
Positive factors
- Part of a significant overall reserve increase
- Independently evaluated
Evidence · table
“2,518”
Context: Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · shale_natural_gasTonnes: 64398000000Contained Metal: 64398Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- shale_natural_gas
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:82e5bea5f912ba39dd85
Resource Data
- Category
- proven
- Tonnes
- 64398000000
- Contained Metal
- 64398
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Producing Shale Natural Gas reserves contribute to the overall positive reserve update, showing a substantial increase in the company's asset base.
Positive factors
- Part of a significant overall reserve increase
- Independently evaluated
Evidence · table
“64,398”
Context: Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · nglTonnes: 977000Contained Metal: 977Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:2dcfc8bfe8259643d608
Resource Data
- Category
- proven
- Tonnes
- 977000
- Contained Metal
- 977
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Producing NGLs reserves contribute to the overall positive reserve update, showing a substantial increase in the company's asset base.
Positive factors
- Part of a significant overall reserve increase
- Independently evaluated
Evidence · table
“977”
Context: Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · oil_equivalentTonnes: 14228000Contained Metal: 14228Contained Unit: mboeView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- oil_equivalent
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:0dc7a4f07c80722ca036
Resource Data
- Category
- proven
- Tonnes
- 14228000
- Contained Metal
- 14228
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1800000
- Prior Contained Metal
- 1.8
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved Producing reserves increased by an exceptional 672% to 14.2 million boe, indicating significant growth and de-risking of the company's producing asset base.
Positive factors
- Exceptional 672% increase in Proved Producing reserves
- Independently evaluated
- Strong growth in reserve value
Evidence · table
“14,228”
Context: Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 14228000 against 1800000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 14228 against 1.8 previously
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · tight_oilTonnes: 1732000Contained Metal: 1732Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- tight_oil
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:c75c0d16c9da1f9f5657
Resource Data
- Category
- proven
- Tonnes
- 1732000
- Contained Metal
- 1732
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Undeveloped Tight Oil reserves contribute to the overall proved reserve base, indicating future development potential.
Positive factors
- Adds to overall proved reserves
- Independently evaluated
Evidence · table
“1,732”
Context: Undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · shale_natural_gasTonnes: 40450000000Contained Metal: 40450Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- shale_natural_gas
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:3151707e8c2dfecf12a9
Resource Data
- Category
- proven
- Tonnes
- 40450000000
- Contained Metal
- 40450
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Undeveloped Shale Natural Gas reserves contribute to the overall proved reserve base, indicating future development potential.
Positive factors
- Adds to overall proved reserves
- Independently evaluated
Evidence · table
“40,450”
Context: Undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · nglTonnes: 615000Contained Metal: 615Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:e277e6d70003c4f8d9c6
Resource Data
- Category
- proven
- Tonnes
- 615000
- Contained Metal
- 615
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Undeveloped NGLs reserves contribute to the overall proved reserve base, indicating future development potential.
Positive factors
- Adds to overall proved reserves
- Independently evaluated
Evidence · table
“615”
Context: Undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · oil_equivalentTonnes: 9088000Contained Metal: 9088Contained Unit: mboeView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- oil_equivalent
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:58d9f01a28e86ca9f082
Resource Data
- Category
- proven
- Tonnes
- 9088000
- Contained Metal
- 9088
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Proved Undeveloped Total Oil Equivalent reserves represent significant future development potential, contributing positively to the company's long-term outlook.
Positive factors
- Significant Proved Undeveloped reserves
- Independently evaluated
- Future development potential
Evidence · table
“9,088”
Context: Undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · tight_oilTonnes: 4249000Contained Metal: 4249Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- tight_oil
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:b90e099fa10aa287948a
Resource Data
- Category
- proven
- Tonnes
- 4249000
- Contained Metal
- 4249
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved Tight Oil reserves demonstrate a robust and independently evaluated asset base for the company.
Positive factors
- Strong total proved reserves
- Independently evaluated
Evidence · table
“4,249”
Context: Total proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · shale_natural_gasTonnes: 104848000000Contained Metal: 104848Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- shale_natural_gas
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:7581df5bda42217816c6
Resource Data
- Category
- proven
- Tonnes
- 104848000000
- Contained Metal
- 104848
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved Shale Natural Gas reserves demonstrate a robust and independently evaluated asset base for the company.
Positive factors
- Strong total proved reserves
- Independently evaluated
Evidence · table
“104,848”
Context: Total proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · nglTonnes: 1592000Contained Metal: 1592Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:e10a776b9b034be5bdfa
Resource Data
- Category
- proven
- Tonnes
- 1592000
- Contained Metal
- 1592
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved NGLs reserves demonstrate a robust and independently evaluated asset base for the company.
Positive factors
- Strong total proved reserves
- Independently evaluated
Evidence · table
“1,592”
Context: Total proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTwo Rivers Montney Project · oil_equivalentTonnes: 23316000Contained Metal: 23316Contained Unit: mboeView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- oil_equivalent
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:3d85ccb4b24dc97fbf29
Resource Data
- Category
- proven
- Tonnes
- 23316000
- Contained Metal
- 23316
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved Oil Equivalent reserves of 23.3 million boe represent a substantial and independently evaluated asset base for the company.
Positive factors
- Strong total proved reserves
- Independently evaluated
- Significant asset base
Evidence · table
“23,316”
Context: Total proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · tight_oilTonnes: 2736000Contained Metal: 2736Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- tight_oil
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:d623b078d3fb154b0c58
Resource Data
- Category
- probable
- Tonnes
- 2736000
- Contained Metal
- 2736
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Probable Tight Oil reserves contribute to the overall probable reserve base, indicating additional future potential.
Positive factors
- Adds to overall probable reserves
- Independently evaluated
Evidence · table
“2,736”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · shale_natural_gasTonnes: 58337000000Contained Metal: 58337Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- shale_natural_gas
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:f8f11cc1ed75b6de2f6c
Resource Data
- Category
- probable
- Tonnes
- 58337000000
- Contained Metal
- 58337
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Probable Shale Natural Gas reserves contribute to the overall probable reserve base, indicating additional future potential.
Positive factors
- Adds to overall probable reserves
- Independently evaluated
Evidence · table
“58,337”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · nglTonnes: 887000Contained Metal: 887Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:1340ef0db3b4193267f5
Resource Data
- Category
- probable
- Tonnes
- 887000
- Contained Metal
- 887
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Probable NGLs reserves contribute to the overall probable reserve base, indicating additional future potential.
Positive factors
- Adds to overall probable reserves
- Independently evaluated
Evidence · table
“887”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · oil_equivalentTonnes: 13346000Contained Metal: 13346Contained Unit: mboeView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- oil_equivalent
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:e658a44029417c6d65dd
Resource Data
- Category
- probable
- Tonnes
- 13346000
- Contained Metal
- 13346
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Probable Total Oil Equivalent reserves of 13.3 million boe represent significant additional future potential, contributing positively to the company's long-term outlook.
Positive factors
- Significant probable reserves
- Independently evaluated
- Adds to future potential
Evidence · table
“13,346”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · tight_oilTonnes: 6985000Contained Metal: 6985Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- tight_oil
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:a91c272b0fc404eceb71
Resource Data
- Category
- probable
- Tonnes
- 6985000
- Contained Metal
- 6985
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved & Probable Tight Oil reserves demonstrate a robust and independently evaluated asset base for the company, indicating significant future potential.
Positive factors
- Strong total proved and probable reserves
- Independently evaluated
Evidence · table
“6,985”
Context: Total proved & probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · shale_natural_gasTonnes: 163185000000Contained Metal: 163185Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- shale_natural_gas
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:9ee5d702908f199a7f37
Resource Data
- Category
- probable
- Tonnes
- 163185000000
- Contained Metal
- 163185
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved & Probable Shale Natural Gas reserves demonstrate a robust and independently evaluated asset base for the company, indicating significant future potential.
Positive factors
- Strong total proved and probable reserves
- Independently evaluated
Evidence · table
“163,185”
Context: Total proved & probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · nglTonnes: 2479000Contained Metal: 2479Contained Unit: mbblView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:c0864bc904e636bf0b9d
Resource Data
- Category
- probable
- Tonnes
- 2479000
- Contained Metal
- 2479
- Contained Unit
- mbbl
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved & Probable NGLs reserves demonstrate a robust and independently evaluated asset base for the company, indicating significant future potential.
Positive factors
- Strong total proved and probable reserves
- Independently evaluated
Evidence · table
“2,479”
Context: Total proved & probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTwo Rivers Montney Project · oil_equivalentTonnes: 36662000Contained Metal: 36662Contained Unit: mboeView all detailsHide details
Identity
- Project
- Two Rivers Montney Project
- Commodity
- oil_equivalent
- Region
- canada_ab
- Reported Region
- Alberta
- Ticker
- CEI.V
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- Resource group id
- resource:723a4b8bd01d734fc8e7
Resource Data
- Category
- probable
- Tonnes
- 36662000
- Contained Metal
- 36662
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 27500000
- Prior Contained Metal
- 27.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-22T00:00:00.000Z
Reasoning: Total Proved plus Probable Oil Equivalent reserves increased by a strong 33% to 36.7 million boe, indicating substantial growth in the company's overall resource base.
Positive factors
- Strong 33% increase in Total Proved plus Probable reserves
- Independently evaluated
- Significant growth in reserve value
Evidence · table
“36,662”
Context: Total proved & probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 36662000 against 27500000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 36662 against 27.5 previously
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.