Coelacanth Energy
Develops oil and gas properties; owns a large block of undeveloped acreage in British Columbia, Canada.
Coelacanth is set to grow production from its current 1,000 barrels of oil equivalent per day to 15,000 BOE/day by 2027, an increase of 15x in three years.
Production growth is fully funded with cash on the balance sheet and results from drilling low-risk wells with returns on capital in excess of 100%.
15x production growth utilizes only a small fraction of acreage block.
Owner-oriented management team owns 17% of the shares outstanding, purchased largely in the open market.