Coelacanth Energy, Inc. (TSE:CEI) has released an update.
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Coelacanth Energy Inc. has reported a significant increase in oil and natural gas sales in Q2 2024, rising by over 280% compared to the previous year. Despite the rise in sales, the company experienced a net loss and decreased cash flow from operating activities. Production has surged, with daily oil equivalent output up by 229% for the quarter.
For further insights into TSE:CEI stock, check out TipRanks’ Stock Analysis page.