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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

Post by MyHoneyPoton Mar 20, 2024 10:29am
60 Views
Post# 35942689

Completions is one of the Key Metric's for 2024

Completions is one of the Key Metric's for 2024
In 2023 Kelt drilled 27 net well and completed only 24 Wells and their NAV increased 27%

In 2024 Kelt will drill 29 wells but plan to complete 31 wells (30% more completions roughly)

So Kelt will complete about 30% more wells in 2024 with the current budget.

We know that they did not do much at Oak in 2023, even with low gas prices and they currently are drilling a few OAK wells there to keep things moving forward, for LNG exports. 

It looks like with 30% more completions in 2024, we should see another big gain in reserves and NAV. This may be tempered a bit by their increased production in 2024, but it is all setting up for a big year in 2025.


IMHO
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