Post by
PabloLafortune on Nov 11, 2020 1:14am
Q4 14,000 boepd?
By the math of YTD and full year of 24,400 boepd. No new wells online in Q4? Seems like this 2nd phase of Covid has pushed back recovery by at least 6 months if not more, Kelt's plans have been impacted as well it seems. Originally they had said they would get a syndicate loan in 2021, no plans to do so now. 7 Wembley wells sitting there (5 completed) waiting for better prices. Perhaps same thing for another big asset sale (they have 4 plays), delayed until they get better offers in 2021? GLTA
Comment by
geologist77 on Nov 11, 2020 10:26am
14,000 is lower than I expected. Thanks re the math. These assets are proving very hard to grow. And the share price is reflecting that.
Comment by
PabloLafortune on Nov 11, 2020 1:33pm
Ditto. I was hoping for 20K based on Wembley completed wells being brought on line but they weren't.