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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 Sep 18, 2024 1:48pm
102 Views
Post# 36229351

TVE - Performance -( Nine Points )

TVE - Performance -( Nine Points )
I like TVE, but am not super excited about clear water because the wells are small. It's means you need to drill a lot of wells. BTE did drill some bigger wells in the clear water but i am sure that big wells like thoose are not common in the clear water. 

TVE has great Charlie Lake assets and a lot of them are in the same area as Kelt. 

What is significant here is that now Nine Points, Eric Nuttall is pounding the table regarding TVE, and has been assure that the quarterly misses are behind them. 

I like TVE but don't like their debt, and don't like them buying back share when they have so much resource development opportunity. Something Eric never really considers. 

What i do think is that now we have both AAV, and TVE all in the area of the Kelt footprint, that will be drilling and promoting this great Charlie Lake play resource and Kelt will be getting better recognized and know for their premium resource. 

For Kelt the Montney is the most important near term objective, because they have massive land holding, but in second play is the large inventory of Charlie lake they have developed while at the same time kelt fully deliniated Wembley/Pipestone Montney. 

Kelt is more than a one trick pony, expect to hear more good news regarding the Charlie Lake. 

IMHO

MHP
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