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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd. is an oil and gas company, focused on the exploration, development and production of crude oil and natural gas resources in Western Canada. The Company primarily operates in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. Its British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by mrmomoon Aug 27, 2020 11:53am
109 Views
Post# 31460642

RE:RE:Should've

RE:RE:Should've"Oak/Flatrock they emphasize now...they must have confidence in it if they sold Inga although they drilled quite a bit earlier in 2020 and have not reported much in the way of well results. Perhaps they're looking to accumulate more acreage.  One thing for sure, they will need committed funding to proceed - wouldn't want a repeat of Inga. Perhaps this is what syndicate 2021 is about - getting more reliable funding and moving away from borrowing base redetermination."

This makes absolutely no sense to me. Why after many years of time, energy & sh*tload of money to develope Inga Fireweed, do they all of a sudden get rid of it just to start the whole process all over again on Oak/Flatrock? This is absolute insanity if this is the case, which i don't believe it is. If i'm wrong and that's what they have planned.......i would sell my postion here asap without a second thought.

Good luck to all...........
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