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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 Aug 18, 2021 1:50pm
154 Views
Post# 33724325

RE:RE:Results are out

RE:RE:Results are outThat was for the first half.  Excluding the 2 Wembley wells brought on line in Q4 and the 2 Pouce Coupe West brought on line in Q1, I guesstimated less than 10% decline on the rest. Going forward, the base decline will be higher of course.  On all producing wells as of 06/30/2021, I assume 3% decline per month for the rest of 2021, moderating to 2% in 2022.

Besides, I'll take whatever decline if its means faster paybacks. I was wondering about the payback on the 3 Pouce Coupe oil wells (as there's nothing on them on the current presentation) and dug up an old 2018 presentation about the performance of 5 of them in 2017 and to sum up: spectacular.

YMMV.
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