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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 MyHoneyPoton Aug 15, 2024 9:14am
104 Views
Post# 36180240

RE:Kel is a great stock. Very similar to Crew

RE:Kel is a great stock. Very similar to CrewRight on, but i think we are talking sooner than later. 

Crew never really had the kind of balance sheet or would generate that CF that you are going to see Kelt generate in 2025. The also never has the Liquids oil ratio. (59-62%) Wembley/Pipestone

Kelt has proven their competance in developing a major NE gas in the development of INGA for 510 million dollars in 2021, INGA was 107,000 acres.

OAK is significantly larger in the same area, 190,000 acres. Montney Rights..

Name another play like Wembley/Pipestone 110,000 acres, Montney with up to 4 zones with development with some Charlie Lake sprinkled on top. 

Crew assets are in good hands with TOU purchase, and it just shows how real oil men create value, share count is not important as long as you create value in operating an oil and gas company, that investor want to invest in. 

Kelt at 50,000 boe/day will be in a totally different position in terms of Cash Flow.

IMHO
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