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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 InsideEnergyon Nov 12, 2021 10:35am
124 Views
Post# 34119458

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

RE:RE:RE:RE:RE:RE:Q3 released relax guy... ain't nothin big here.  I make ONE post about the processing or lack of, you respond with 4.

I know a bit about kel and yes I prefer aav and in this year aav has made me a ton.  With certain stability in having a 400 Mmcfd plant to fill.  It is a real good idea to own the processing.  You want to control, your destiny and lower costs.  AAV has the best op costs going.  Field costs are low and it makes dry gas the cheapest gas as the wells are prolific not having the liquids slow the flow.  In bad times dry gas makes money.  There are times to own both or simply own both, they both are top decile.

I was looking to find area processing.  Just could not find sufficient so was wondering do they convince a mid streamer to build or do they build'

Oh as for Wembley/Pipestone, yes actually and if you include Valhalla and Progress you will find drills by kel and aav, they are neighbors in those areas.  Nice assets, Valhalla just surprised at aav, drilled a two well pad and it was superb news for both companys.  2400 boepd well and 2000 boepd well.  nice pad and kel and tou have adjoining land ownerships and have reported big wells there as well.  will keep aav plant there full for the years.with that result.  We know Wembley is decent with the D3 layer oil pool among the 4 producable layers.
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