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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 07, 2021 10:31pm
110 Views
Post# 33510329

RE:Days like today

RE:Days like today. There are 7 (6 equivalent since CL wells are half of a Montney one) wells online in Q3 followed by at least 10 in Q4 followed by 8? in Q1 (the 8 Wembleys that are either completed or DUCs). If they bring another 8 online in Q2 2022, you have a 22-24K annual cadence on top of a 13-15K? Base for 35-39K by Q2? With a higher oil % from the 20-22% base, corporate netback will go up as well, cashflow will be sufficient to invest some more in infrastructure and to further increase the cadence. As far as asset sales etc, that would obviously take away from the base production, any Q3 or later wells "sold" as part of the deal can be replaced by Wembley wells or the cadence delayed by a quarter. The related cashflow of course has to be replaced by asset disposition proceeds for a quarter or 2 but the rest would hopefully be special dividended. By the way, interesting comments on Storm presentation about the Mcmahon gas plant... Also hopefully got moneys worth on $62M infrastructure capex.
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