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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 PabloLafortuneon Nov 06, 2023 6:12am
107 Views
Post# 35718786

RE:Wembley/Pipestone La Glace is worth the Market Cap!

RE:Wembley/Pipestone La Glace is worth the Market Cap!If I was going to keep anything or double down anywhere, it would be this. Even $1.6B valuation as you suggest may just be the beginning. Keep in mind NVA is only 35%? liquids reserves whereas Wembley might be closer to 50%?  Wembley/Karr etc are quasi Permian of Canada.  Also,  Exxon and others are talking and doing 4 mile laterals. So the focus should probably be on adding and swapping land in the area esp Charlie Lake as well so that by 2025/2026 4 mile laterals are the norm (spitballing).

Pouce Coupe is solid but not as productive nor as contiguous or large. Oak is larger but gassier and egress, marketing and own plant matters a lot there all which is not core to Kelt today.

Lets see what happens. Exciting times.
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