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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 mrmomoon Feb 16, 2023 7:31am
438 Views
Post# 35289205

The only meaningful thing....

The only meaningful thing....In that RR is the following statement below. Everything else is just clutter & standard/required info that ep's are obligated to disseminate to s/h.

"Based on field estimates, total Company production for the month of January is estimated to be approximately 31,000 BOE per day weighted 38% oil and NGLs and 62% gas. "

This is positive as it shows the company is growing productio, BUT they are still way too small and desperately need a dance partner to compete with the big boys & put the company on the radar of investors. Anything else is just a waste. Their production mix is decent, not great and woudl like to see a lttile higher oily content to protect against low NG prices. Hopefully Kelt mgmt SEES the same problems/issues i have been poiting out for years and they actually do something about it. And if they're not motivated to do anything or be proactive, i say just sell & GTHO. Let someone else take over the reigns and make something meaningful otu of the company's assets. Just MHO.

GLTA

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