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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 PabloLafortuneon Sep 19, 2024 12:14pm
57 Views
Post# 36231193

RE:Kelt a fun ride - Ramping up production in Q4

RE:Kelt a fun ride - Ramping up production in Q4Kelt relies on cashflow to pay for reserves development. Charlie Lake doesn't have the best reserves but it has the best cashflow. Ergo, drill Charlie Lake wells first.

Interestingly enough, I believe that when natgas prices are good ($4+), Pouce Coupe West has very strong cashflow as well.

Cashflow assets enable development assets. Without cashflow assets and/or hedges, you're at the mercy of...

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