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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 CashFlowADayon Jan 24, 2024 2:09pm
202 Views
Post# 35843464

What is a fair expectation of production?

What is a fair expectation of production?

Given this:

 

"In its Wembley/Pipestone Division, during 2024, Kelt expects to drill 16 (gross) and 16.0 (net) wells targeting Montney and Charlie Lake oil horizons. The Company plans to have three multi-well pad development operations consisting of four wells, five wells and four wells respectively as it prepares to add production upon start-up of incremental gas processing capacity. Kelt expects to increase firm service raw gas processing capacity from 37 MMcf per day to 109 MMcf per day over the next 15 months. The Company has entered into gas processing arrangements with certain midstream companies that are building a new gas processing plant and expanding an existing gas processing plant in the area. The additional 22 MMcf per day of firm service processing capacity that was anticipated by Kelt to become available in the first quarter of 2024, could become available in late 2023. The remaining 50 MMcf per day of firm service processing capacity is expected to become available in the fourth quarter of 2024. 

 

New production additions at Wembley/Pipestone resulting from increased gas processing capacity is expected to increase the Company’s oil and NGLs weighting as this production is expected to be 57% to 62% weighted to oil and NGLs.  "

 

 

How much can we expect from each well?  600 - 800 x 16?    They likely ended 2023 producing low 30s maybe 31k or so before the wembley capacity kicks in

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