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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

Comment by PabloLafortuneon Mar 18, 2024 12:43pm
73 Views
Post# 35938557

RE:Monetization of Wembley

RE:Monetization of Wembley Historically Kelt has monetized assets and moved on to the next gig. The difference here is that back then what Kelt sold wasn't generating much cashflow.

Whereas when that new 3rd party Wembley plant comes online in 6-9 months that will likely take Kelt to 50,000 boepd company wide which should hopefully equate to at least $500MM annual cashflow. 

You can do a lot of things with $500MM especially when you're not repaying debt, buying back shares, paying interest or distributing dividends....

Next they'll be able to get to 68,000 boepd (34,000 Wembley) per their plant capacity plans. Which commodity prices (and hedging) willing, could generate $700MM+ of annual cashflow.

Finally a furhter expansion of Wembley followed by Oak backed by significant cashflow, large delineated land positions and significant reserves.
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