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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources 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. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by OGGambleron Feb 14, 2021 12:48pm
178 Views
Post# 32564869

RE:Best move for Kelt...Merge with Storm. SRX

RE:Best move for Kelt...Merge with Storm. SRXSo far there have been suggestions to merge with Crew, Birchcliff and Storm that I know of. I have my own suggestion. I propose that Kelt borrow $1B to drill 200 wells (regardless of any other considerations...lol) but hedge all the output until the capex is paid back (probably 12 months or less right now?). The idea is that after this $1B project, the debt would be the same as it is today ($0) BUT with perhaps 30,000 boepd of low decline production ADDED to current production levels. And to repeat this every time commodity price are like they are today until Kelt reaches 150,000 boepd. What say you?
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