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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources 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. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by PabloLafortuneon May 25, 2021 1:08pm
74 Views
Post# 33260527

RE:RE:RE:Kelt Increases Its 2021 Guidance

RE:RE:RE:Kelt Increases Its 2021 Guidance So no new wells this quarter?

They have increased the size of the gas handling plant at Oak (see Oak page notes). 

Assuming the 8 Wembley wells listed as 2022 come on line in Q1, they would be bringing on line 7, 10 and 8 wells in the next 3 quarters which based on EURs is a path to 30,000+ boepd assuming no dispositions. Seems to match up with the infrastructure.

Capex budget this year is now only 56% D&C.  

Seems that because of the need to continuously spend on infrastructure and the debt free constraint, the pace of growth will be measured. To grow faster, they'll need to either borrow or sell an asset.

GLTA
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