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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 Apr 23, 2024 8:46pm
121 Views
Post# 36004315

Kelt has Options at Wembley

Kelt has Options at Wembley
Currently Ket had 2 wembley wells, one that initially produced 

1-24  1499 boe/day 72% oil
4-3    1230 boe/day 70% oil

1499 *72% = 1079 boe/day * 30 days = 32378 boe oil

If that 1-24 is 72% oil that will generate at $75 U.S oil = 2,428,350 U.S.

So at .73 cent Canadian = 3.326 million in the first 30 days + GAS, which is likely 

So if Kelt wants to rampup liquids in Wembley Pipestone, simple bring on a Charlie Lake Well.

Kelt is on track to ramp up production, add 25 MMcf Wembley Q4, add 20 MMcf Oak in Q1, add 50 MMcf Wembley in Q4. 

All well they expand the battery at Pouce Coupe Charlie Lake that is another prolific play that Kelt just Happened on while they have been doing everything else. 

Kelt in on its march to 12 dollars in January 2025

That is my prediction

IMHO
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