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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 Jan 10, 2023 9:21am
166 Views
Post# 35213036

RE:RE:RE:RE:RE:Plan?

RE:RE:RE:RE:RE:Plan?Bad news such as technical difficulties are short term (hopefully one time) events, whereas plays like Oak, Wembley, Charlie Lake, Pipestone - those are long term assets.   In any event, buybacks are almost certainly a pipe dream for Kelt.

Keeping an eye on developments at Spartan Delta.  Their CFO is on Kelt's BoD, both companies own land at Pouce Coupe and Flatrock.  Speaking of which, I was all enthusiastic about Spartan's special dividend until I realized that its payment coincided with the conversion of warrants by insiders...

By the way, 2 of Kelt's Charlie Lake wells made the top 15 oil wells for November although their interest in one of them is only 60%.
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