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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 MyHoneyPoton Jan 29, 2023 11:05pm
447 Views
Post# 35253285

I like Kelts Opportunities

I like Kelts OpportunitiesWembley

Pretty well established as a liquids rich area, and a lot of value their, the only issue will be facilities. I think that play you can take to the bank right now. 

Oak

Well Oak has scale, massive play area, i would guess a little more expensive as it is pretty north, but the wells look great, and lots of opportunity.

Gundy

Really good area, kind of small from a land base, my expectations, is to drill a well or two and sell it off to a neighbor. 

Charlie Lake

Really good results, and good size acerage, emerging play with a lot of great players in the neighborhood, not to mention drilling the best well in the play got them some attention. 

With 30,000 boe and no debt, they are well positioned and Wembley has is a big play with great economics, my guess is sell off gundy, prepare for wembley, less oak wells prove out their economics, and take advantage of Charlie lake. 

It will be interesting to see what happens. 

IMHO
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