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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 26, 2024 6:59pm
167 Views
Post# 36196875

The Golden Goose - Has Arrived

The Golden Goose - Has Arrived
Kelt has not drilled a pad at Wembley/Pipestone until this year, single wells deliniating the play doesn't demonstrate the same economics, and simply only provides expensive production opportunities. 

What will soon will be realized is the well pad drilling well costs, and the improved economics of the Wembley/Pipestone play going forward. 

Kelts Wembley/Pipestone is the Golden Goose, but Charlie Lake has been the workhorse that paid all the bills and got us to this point almost debt free.  

Kel is now developing the Prize Play in the Alberta Montney, and who else has this opportunity with the huge land mass they have put together.

Onward and Upward from here. 

MHP

IMHO
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