CN Energy Group Announces Commencement of Production from Oil Well Investment Project in Cold Lake, Alberta

CN Energy Group (NASDAQ:CNEY) announced that an oil well project in the Cold Lake region of Alberta, Canada, in which its wholly owned subsidiary CNEY Canada holds an investment interest, has been completed and has commenced production.

Rhea-AI Summary

CN Energy Group (NASDAQ:CNEY) announced that an oil well project in the Cold Lake region of Alberta, Canada, in which its wholly owned subsidiary CNEY Canada holds an investment interest, has been completed and has commenced production. The project, operated via Blessing Logistics, is intended to support CNEY’s strategy to build an integrated North American energy platform spanning oil asset investment, crude oil production, transportation, trading and supply chain management, while the company continues to evaluate additional oil and gas opportunities in Canada and across North America.

Argus Aug 20 session 7 alerts

+9.11% close to close 4.4x rel. volume Open Argus

Details

Market move: CNEY +9.11% in the Aug 20 session. oil well production commencement

+20.4% Peak in 4 hr 28 min

$5.70M Market Cap

On Aug 20, the first trading day after this news, CNEY closed 9.11% above the previous close. Argus tracked a peak move of +20.4% during that session. Our momentum scanner recorded 7 alerts for this stock that day. Relative volume reached 4.4x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 20 session.

Historical Context

4 past events · Latest: Jul 17

4 events

1. Jul 17

   Nasdaq compliance notice

   24h Move

   -10.1%

   Nasdaq minimum-bid notice cited 30 consecutive days below $1.00.

2. May 22

   Cargo services order

   24h Move

   +1.8%

   Pathenbot signed an initial 100,000-unit intelligent cargo sorting services order.

3. Mar 06

   Nasdaq compliance regained

   24h Move

   -10.5%

   Company regained Nasdaq minimum-bid compliance but entered a discretionary monitoring period.

4. Feb 23

   Blessing Logistics acquisition

   24h Move

   -1.0%

   Company announced a $2.0 million share-based acquisition of Blessing Logistics.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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LISHUI, China, August 19, 2026 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY) ("CNEY" or the "Company") today announced that the oil well project in the Cold Lake region of Alberta, Canada, in which the Company's Canadian wholly owned subsidiary, CNEY Canada Inc., holds an investment interest, has been completed and has commenced production.

Located in one of Canada's major oil-producing regions, the project represents an important step in CNEY's strategy to expand its North American energy operations and establish a platform integrating oil production, investment, trading and supply chain services.

Through Blessing Logistics Ltd., a wholly owned subsidiary of CNEY Canada Inc., CNEY is leveraging local energy resources, investment capital, operational capabilities and industry relationships to develop an integrated platform covering oil well investment, crude oil production, transportation, trading and supply chain management.

Mr. Wenhua Liu, interim CEO of CNEY, stated:

"The successful commencement of production at the Cold Lake oil well project marks an important milestone in the execution of our North American energy strategy. We are expanding beyond our existing energy businesses into oil asset investment, production operations and supply chain services. By combining Canadian energy resources, institutional investment capital and experienced operating teams, we aim to build a scalable energy investment and supply chain platform that can generate new opportunities for long-term growth."

Going forward, CNEY will continue to evaluate oil and gas opportunities in Canada and across North America, with a focus on projects supported by established infrastructure, stable resource conditions, experienced operators and reliable sales channels. The Company will also emphasize production management, cost control, environmental compliance, operational safety and supply chain risk management as it expands its North American energy platform.

About CN Energy Group. Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol "CNEY." CNEY has pioneered and specialized in producing high-quality recyclable activated carbon from raw carbon materials, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental and ecologic benefits. CNEY's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. CNEY also develops and provides customizable robotics products, automation tools, and related software solutions for small and medium-sized industrial, logistics, and service businesses in North America. For more information, please visit the Company's website at www.cneny.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally be identified by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "will," "would," and similar expressions. Forward-looking statements are based on current beliefs, expectations, and assumptions and are not guarantees of future performance.

These forward-looking statements include statements regarding the Company's plans to expand its North American energy operations, the development and expansion of its energy investment and supply chain platform, and its plans to continue evaluating oil and gas opportunities in Canada and across North America. These statements are subject to risks and uncertainties, including those described under "Risk Factors" in the Company's filings with the Securities and Exchange Commission. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including market and commodity price conditions, operational performances, regulatory requirements, and the Company's ability to successfully execute its business strategy.

Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to update them, except as required by law. Information on the Company's website or social media is not incorporated by reference into this press release.

View original content:https://www.prnewswire.com/news-releases/cn-energy-group-announces-commencement-of-production-from-oil-well-investment-project-in-cold-lake-alberta-302855067.html

SOURCE CN Energy Group. Inc.

FAQ

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What did CN Energy Group (NASDAQ:CNEY) announce about its Cold Lake oil well project on August 19, 2026?

CN Energy Group announced that its invested oil well project in Cold Lake, Alberta, has been completed and begun production. According to CN Energy Group, this marks a key step in expanding its North American energy platform across oil asset investment, production, transportation, trading and supply chain services.

Where is CN Energy Group’s new oil production project located and who holds the investment interest?

The new oil production project is located in the Cold Lake region, one of Canada’s major oil-producing areas. According to CN Energy Group, its wholly owned subsidiary CNEY Canada holds the investment interest, with Blessing Logistics managing activities across oil production, transportation, trading and supply chain management.

How does the Cold Lake oil well project fit into CN Energy Group’s North American strategy for CNEY shareholders?

The Cold Lake project supports CN Energy Group’s strategy to expand North American energy operations and build an integrated platform. According to CN Energy Group, the initiative combines Canadian energy resources, institutional investment capital and experienced operating teams to pursue scalable oil asset investment, production operations and supply chain services.

What future oil and gas opportunities will CN Energy Group (CNEY) focus on after the Cold Lake project?

CN Energy Group plans to keep evaluating oil and gas opportunities in Canada and across North America. According to CN Energy Group, it will prioritize projects with established infrastructure, stable resources, experienced operators and reliable sales channels to support its expanding North American energy platform.

What operational priorities did CN Energy Group highlight for its North American energy platform after production started at Cold Lake?

CN Energy Group highlighted production management, cost control, environmental compliance, operational safety and supply chain risk management as priorities. According to CN Energy Group, these areas will guide how it operates and grows its North American energy platform following the Cold Lake project’s production start.