Post by
MyHoneyPot on Feb 23, 2024 1:01pm
Measurable Gains - Projected Growth
Q3 Kelt Production 28,000 (00.0 %) NAV = approx $17.87 (2022) Historical
Q4 Kelt Production 32,344 (15.5%)
Q1 Kelt Production 34,000 (21.4%) NAV = approx $22.75 (27%, 2023) Actual
Q2 Kelt Production 35,000 (25.0%)
Q3 Kelt Production 37,000 (32.1%)
Q4 Kelt Production 39,000 (39.2%)
Q1 Ket Production 55,000 (96.4%) NAV = $27.30 approx $ (20%, 2024) Projected
Essentially by Q1 next year I expect their produciton will be in the 55,000 boe/day range, in Q4-Q1 2024 they will add 50 Mmcf at Wembley 60% Liquids approx = 20,833. I only added 16,000 boe/day gain from Q4 to Q1.
From Press Release
Despite a reduced capital expenditure program for 2024, the Company has not changed its previous 2024 average production guidance of 36,000 to 39,000 BOE per day. Production during the first quarter of 2024 is expected to average between 33,000 and 34,000 BOE per day. During the second and third quarters of 2024, Kelt expects production to average between 35,000 and 37,000 BOE per day. Kelt has entered into an agreement with a third-party midstream company to process an additional 50 MMcf per day of raw gas at a new gas plant that is currently under construction in the Wembley/Pipestone area. The newly constructed plant is expected to be complete and commence operations by early Q4 2024. In this scenario, Kelt expects its 2024 average production to be at the higher end of its forecasted annual range. In the event, the new plant does not commence operations until late in Q4 2024, Kelt’s 2024 average production is expected to be at the lower end of its forecasted annual range.
IMHO