RE:For Kelt Longs... The Webinar link that Kelt Presented TodayThanks, was worth a listen. Sadiq the CFO is excellent as well. It sounds like Wembley delineation and infrastructure will be all done this year with mid 2022 ramp up whereas at Oak they still have work to do and the ramp up there will be more like 2023/24 in sync with LNG. They're very happy with Oak though, the 10 wells being brought online in October (they start completing in June) are in the oilier section.
With their liquids rich plays' high netbacks, cost reduction programs, built up infrastructure, use of 3rd party plants and positive working capital, it seems likely they'll be able to generate enough cashflow every quarter starting in Q4 2021 (4.5 months away) to quickly grow without borrowing at all.
Which explains why they have no plans to borrow big. They don't seem to want to buy more land, they want to build up what they have and eventually divest and return capital in a tax efficient manner.
Not too shabby a company to invest in.