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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 Dec 12, 2021 7:56pm
118 Views
Post# 34223701

RE:RE:CNRL Wembley 67% liquids?

RE:RE:CNRL Wembley 67% liquids?Is it possible that CNRL is targeting the lower Montney? In Kelt's latest presentations, they inserted a line about delineating that formation. The $$$ on 8-10% more oil would certainly be compelling - almost pays for the well D&C. Keep in mind commodity prices were much lower when CNRL allocated $100M to Wembley capex (out of many competing projects on a $3.4B budget) for 2021, plus the capital efficiency was closer to $9000 then (per their year or so ago presentation.) Seems like Wembley is a winner, 8-10% more oil would be the icing on the cake. Btw, Pipestone has the best map I've seen of the area consisting of themselves, Kelt, CNQ, CVE (recently sold), AAV, Nuvista and Ovintiv. Kelt seems well positioned. Btw, Kelt's presentation and press release don't overly emphasize Wembley but the MD&A sure does. GLTA
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