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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

Post by PabloLafortuneon Apr 01, 2022 1:33pm
186 Views
Post# 34567910

Q1 guess and $5 AECO ramifications

Q1 guess and $5 AECO ramificationsIm hoping 30,000 boepd perhaps with $35 netback hopefully. Q1 WTI worked out to $20ish more than Q4, I think the realized hedge loss will be at least $4, AECO im hoping was a little higher in Q1 than it was in Q4, NGL much higher for sure (what is going on with propane). The interesting napkin factoid to me is that with current (and 12 months out?) AECO pricing, NG revenues ALONE after royalties, more or less pays for all cash costs AND maintenance capital: 5.00*1.15*6*.92*.62 = $19.68 less op costs (8.95) less transport (3.20) less G&A (1.17) = $6.36 per boe for maintenance. In other words, oil and NGL revenue net of approx 10% royalties is pure profit (free cashflow). Food for thought only.
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