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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 Nov 08, 2021 2:13pm
129 Views
Post# 34101078

RE:No debt?

RE:No debt?No news for 3 months even though since August they're supposed to have brought 17 or 18 wells on line (3 Pouce Coupe oil, 2 Charlie Lake oil, 3 Wembley oil (1 of which is November) and 10 Oak oil/gas wells). Even though theyre growing strictly on cashflow ie without dilution or debt, share price has lagged...Nobody cares about debt free anymore, banks are lending again. Lets see the press release on Wednesday - if they continue to be unreasonably conservative, I expect the share price to go down as investors re-deploy to more aggressive names. GLTA.
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