Kelt Cult
Sorry Seppelt you are not going to get anywhere with the Kelt Cult, See no evil, Hear no Evil, Speak no evil. The honey pot trap was saying the same thing all of 2023. Wait until December, it will be tranformational, Double or tripple imminent etc. Broken clock, eventually right.
The bottom line is!
real value for shareholders will not be realized for Kelt holders until some, or all of the company is sold. Sharebuyback/divy initiated.
The Good
The reserve report
Next to no debt
Growing production
Coastal gas link completed
The Bad
Slow share dilution
Little detail, what is the end game? "the Company transitions from exploration and resource delineation to development and multi-well pad drilling". So no more exploration, resource delineation, and sell assets?
Infrastructure,"Company spent $26.6 million on drill and complete operations and $35.9 million on well equipment, facilities and pipelines." Still more money into pipes etc. and not into the drill bit. Still subject to 3rd party downtimes, and gas processing.
Cheers Matthew