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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 Mar 10, 2022 1:49pm
101 Views
Post# 34503766

RE:RE:RE:RE:K vs N vs P - cut to the chase

RE:RE:RE:RE:K vs N vs P - cut to the chaseMhp, I agree there are constraints, execution risk and well productivity uncertainties to increasing production. You are familiar with this (Wapiti). They do have 3 different areas (4 if you include Charlie Lake) and that asset diversity mitigates setbacks - I think thats also why they don't provide more well granularity, it gives them a buffer just in case (they used to state in earlier days these wells will be online in this quarter and will add so much production and that backfired). Oak is more well uncertainty but infrastructure is there. Wembley is the opposite. The capex they increase every so often as cashflow comes in, clearly they dont want to get caught if and when prices crater. So that extra cashflow you mention will go towards (probably) more capex based on past pattern. Same with production target. Both got increased from November, May will hopefully see another increase. If you ask me, the way theyre running the business is very effective.
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