Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (‘Coelacanth’ or the ‘Company’) is pleased to provide the following update: BANK CREDIT FACILITYCoelacanth has signed an agreement to increase its bank credit facility from $52 million to $80 million with closing expected in mid-November. The Company estimates net bank debt relative to the credit facility to be $43 million as at September 30, 2025. The additional liquidity provided will be used, in part, to fund the fall drilling program noted below. OPERATIONS UPDATECoelacanth is currently drilling 3 additional wells in the Lower Montney on its 5-19 Pad at Two Rivers East. Completions are anticipated for late November for an on-stream date of early February 2026. Coelacanth’s last 3 wells on the pad tested a combined 4,872 boe/d (60% light oil) and similar results are expected(1). Coelacanth is currently producing 4 of its 9 wells on the 5-19 pad plus its legacy production at Two…
