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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 Apr 30, 2022 11:21am
126 Views
Post# 34644786

RE:RE:RE:RE:RE:RE:RE:Are there any catalysts for

RE:RE:RE:RE:RE:RE:RE:Are there any catalysts forYou make less correct so no biggie. But you pay royalties on the market price not the price you hedged at. Moreover, the % royalty increases as prices go up. Basically the revenue is fixed but the cost (royalties) is not! This could become a problem if NG price spins out of control for any reason. Also, the mark to market (realized and unrealized) losses incl royalty uplift is now in the ballpark of a full quarter's worth of capex. If it was strictly speaking done to accelerate capex, it wasn't worth it imo.
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