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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 Aug 14, 2024 9:48am
499 Views
Post# 36178264

Whats happening is Transformational !

Whats happening is Transformational !Wembely/Pipestone

Last december Kelt go 25 MMcf of gas processing at Wembely/Pipestone, lost 2 weeks of that 25 MMcf in a plant shutdown, and lost 12.6 MMcf with other plant Issues in Q2. 

That out of a total processing capacity of 59 MMcf, so really Wembley/Pipestone has been limping along with its gas processing and the production from it highest netback area. 

Adding 50 MMcf and with the plant repaired and the turnarounds behind them expect a surge in gas processing and a surge in Liquids Rich production at Wembley/Pipestone.

North Pouce Coupe

Now add to that North Pouce Coupe and the battery installed in production, the DUC's completed and a new area adding more liquids rich production through the newly completed infastructure. 

Spirit River
6 more Liquids Rich Charlie Lake wells coming on before the end of the year. 

So everywhere I look i see more liquids rich production coming on at Kelt, and expect to see a major increase in CF in 2025.

MHP

IMHO
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