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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 Seppelton May 25, 2021 5:02pm
107 Views
Post# 33264619

RE:RE:RE:RE:RE:RE:Kelt Increases Its 2021 Guidance

RE:RE:RE:RE:RE:RE:Kelt Increases Its 2021 Guidance

The January presentation is too old. Must be not older than March when the company increased the caped to $120 million. Yesterday they said that the average 2021 production will be increased to 21,000 boed from 19,000 so there must be additional wells and/or rescheduling the new wells from Q4 for instance to Q3, etc.
Expanding Oak facilities or adding some more stuff at Wembly and elsewhere is fine. As long as there is no inflationary pressure which has resulted in higher cost.

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