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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 06, 2022 3:10pm
277 Views
Post# 35154228

RE:Volume Up.

RE:Volume Up.Kelt is the poster stock for the expression the courage of your convictions. By the time reserves are announced by all producers in Q1 2023,  it will become clear I hope that while the stock was one of the worst O&G performers share price wise in 2022, they were one of the best performers reserves wise.  A couple of times they talked of delineating Wembley then it dawned on me recently what it meant when I looked at the presentation map - they've not been drilling for production efficiency, they've been drilling to determine what they have in the play overall (107,000 acres I believe) and apparently are 80% done. The irony is that if they had less land and less plays, they would be producing more because they'd spend more of the capex on increasing production and less of it delineating and the share price would probably be higher. Go figure.
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