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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 10, 2021 9:16am
166 Views
Post# 34109127

RE:Q3 released

RE:Q3 released Impact on Q3 production was 2,800 boepd, if not for it, production would have been ~22,400. Since yearly forecast is maintained at 21,500, that implies 28,000 boepd for Q4. Also, since capex is 44M-54M for Q4, and net debt will be reduced by ~$10-20M, that implies operating cashflow of $65M or $25/boe for Q4. Of note, avg realized prices from Q2 to Q3 jumped 22% from $31.49 to $38.33. Due to higher commodity prices of course but Oil as a % of production volume increased from 19% to 23%. $3 realized hedging loss; some unrealized as well. Hedging has been updated, essentially no oil hedges and the gas hedges are good imo.
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