RE:RE:RE:RE:RE:Add Pouce Coupe - Charlie LakeI would not say that, and my initial concern with Kelt was capital constrained.
However with zero debt, and the fact that they will have almost zero debt and be producing north of 40,000 boe/day 2024, they will be albe to do more.
We need to remember that Kelt had like many others a near death experience, with to much debt and they just don't want to go there again.
I am expecting that is 2024 they are producing 40-45,000 boe a day, they will be drilling the wells for preparing to add more wemble production at the end of the year.
So 15-18 months from now thay are looking at north of 60,000 boe/day, with little consideration for Oak or Charlie Lake.
Right now they are producing 32,000 boe and likely have a land base that is capable of producing 6X that production.
So unless they use cash/debt to buy some assets i really do not want any share dilution.
IMHO