RE:RE:Kelts Evaluation verses Tamarack Valley EnergyI don't think people realized that Kelts project for 2023, is a 25% growth in production and to produce 34000 boe day.
However the reall projection is 25% increase in 2023 average production to 34,000 boe a day, and drilling the wells that will support 7,000 additional boe a day in 2024 when the additional plant comes on.
Year End 2023 Kelt will be in a position to produce 41,000 boe/day average, they you have to take into account some 2024 additions.
So reall 2022 production average was around 27,000 boe/day, at the end of 2023 they will be able to produce north of 41,000 boe/day once they get the plant capacity. That really more than a 50% increase in production from 27,000 boe day.
My guess is 2024 an average production rate of 45 to 47 thousand boe.
Under 5 dollars is literally a steal and next January it will be a $10 dollar stock.
IMHO