Post by
Carbonbull on Nov 29, 2023 3:29pm
Last three well results should be out next week
If consistent with the five wells drilled this year , KEI should have exit production north of 6k , roughly a 50 % jump from last year exit production, in a turbulent year a very good result. Plus they will have oil behind the pipe with the 9th well being drilled in December.
We will soon learn the drilling plan for 2024 , I expect 12 wells planned with the option of three extra wells if conditions warrant , this level of activity should see average production per day average north of 5K ....depending on your price assumptions and netback calculations this is well north of 100M in revenue......
Reserves should grow in barrels based on increased EUR and new zones ...becomes an extremely attractive ATM......Good luck to all do your own DD I am often wrong as my envelope has limited capacity......