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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 Seppelton Nov 11, 2021 10:53am
146 Views
Post# 34114853

RE:RE:RE:Q3 released

RE:RE:RE:Q3 released

It's all good except that everyone is targeting completions in Q4. Kelt had to start from scratch, build infrastructure to start developing Oak and will still be spending a lot on infrastructure in 2022, I.e. pipelines in Wembley/Pipestone.
Growing production and its challenges are not appreciated so far, despite the fact that at current commodity prices above average growth can be achieved while maintaining zero debt. The market these days is more exited by larger established producers showing free cash flow, buybacks and raising dividends. But as long as oil and gas prices are strong, sooner than later the laggards will catch up and more.

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