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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 11:22am
153 Views
Post# 34115045

RE:RE:RE:RE:RE:Q3 released

RE:RE:RE:RE:RE:Q3 released

I don't see a significant increase in production cost. Regardless, unlike gassy AAV and others, Kelt is focusing on liquids, mainly light oil, condensate and NGLs. If the ultimate goal is to develop a producing liquids-rich asset to add value for a possible sale, as they have done in the past, spending capital on expensive gas processing plants is not justified.
I think the management made it clear time ago and it was never in the plans or guidance. There should be no surprises here. All I see is a disappointing Q3 but there is more clarity about the future, if one has enough patience. 

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