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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 Jun 02, 2023 1:34pm
192 Views
Post# 35477295

Kelt is Poised to Significantly grow

Kelt is Poised to Significantly grow Kelt insiders have spent over 6 dollars on average per share participating in public offerings. 

Kelt has done two sizable disposition (1)  - 100 million for Karr and (2) - 510 million for Inga assets. 

610 million / 192.5 million shares = $3.16 a share (Asset Sales)

The Wembley/La Glace Pipestone asset offer size, scales, and by itself is worth more than Kelts entire market cap. 

Q1/Q2 are big quarters for turn arounds, January next year when Keyera plant comes on their will be a significant increase in production and all the wells are being drilled this year to fill the new capacity. 

Currently all the additonal production added in the Wembley area has to deal with Infastructure issues. 

Kelt has a lot of value that is embedded in its massive land base, they feel they add so much more value through the drill bit because of their large land base they don't see share buybacks anytime soon.

IMHO
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