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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 Jul 05, 2021 1:30pm
111 Views
Post# 33493312

RE:New presentation

RE:New presentationTo add to what I posted earlier, here are some comparisons I made with the April presentation ie what was done in Q2:

#1 the Drilled and completed wells went from 5 to 12 ie +7. 7 is the # of wells going on line in August.

(the 2 Charlie Lake wells were completed and are going online in August, the 3 Pouce Coupe wells were drilled and completed and are going online in August, and 2 wells at Wembley were completed and 2 wells are going on line at Wembley in August (I didn't check if its the same 2 wells that were completed in Q2).

#2 The $30M capex increase is $24M infrastructure and $6M Drill and complete (1 Wembley drill and 1 Wembley completion added - nothing else has changed).

#3 The 2nd half drilling & completion program consists of completing 8 Oak wells (and bringing 10 online in Q4), plus drilling 4 wells at Wembley and completing 2 of them.

#4 At present, at Wembley Kelt will end 2021 with 5 wells drilled and completed and 3 wells drilled uncompleted.  Which means that assuming no further changes, Kelt will have brought online 2 Wembley wells in 2021...
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