Capital Going Foward - No big requirements
Kelt is completing a battery this summer at North Pouce Coupe, and that will open the door to developing resource in that are with it new Partner, AAV who essentially broke the bank to buy into that play area.
So AAV is esentially taking a big risk, and ramping up their debt to join KELT on their North Pouce Coupe adventure.
So as far as capital goes this battery at North Pouce Coupe will be paid for late summer, 25 MMcf for gas production in the area in 2025.
The only significant capital commitment that Kelt might be looking at is the extension of that pipeline north, no idea what the cost of that would be?
When Kelt is producing north of 50,000 boe/day shortly they will have have a challenge of where to spend all their capital. Also with 1/4 of canadian gas potentially being export at some point the gas market should improve.
Oak has years and years of exploratin ahead of it, and is well poised for future LNG.
Kelt is to cheap and some cheapo's are trying to time their buys.
MHP
IMHO