Kelt Exploration Ltd T.KEL

Kelt needs to take out Advantage

[Cheadle12]

All stock deal.

LInk up Pipestone/Wembley through Valhalla.

70,000 boepd production,
$250M total debt.

Use the FCF from the Alberta assets to build out Oak / Flatrock including the proposed Kelt Facility there.

Check Slide 12 on the AAV deck.

[Grandcentral]

Early in the pandemic, Kelt was wise and defensive - this has opened them up to easily make a sizeable acquisition. I expect to see something soon - something aggressive, because that is what Kelt does - they use opportunity to grow. They must be well on their way with seismic plans, and it would be great to know what's next in the play book. We are due for an update on 2021, and it's

[OGGambler]

Thanks for the referral to the map in the AAV deck. The other noticeable landholder on that map? Canadian Natural.