Kelt Exploration Ltd T.KEL

Alternate Symbol(s): KELTF

Energy Oil & Gas E&P

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.

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Kelt Exploration Ltd > Oak essentially 200,000 contigious acres of Montney

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Comment by PabloLafortuneon Sep 28, 2024 8:03am

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Post# 36245196

RE:RE:RE:RE:RE:RE:RE:Oak essentially 200,000 contigious acres of Montney

MHP, you lose all credibility when you cite Kelt land sales success.

#1 2012 Celtic was sold 12 years ago almost to the day. An eternity in oil and gas - the Permian was in its infancy back then. Intel was worth 10x NVDA 15 years ago (now NVDA worth 30x Intel). It ceased being a useful point 5 yrs ago.

#2 2020: Inga/Firesale was a Fireweed. They sold 300MM 2P reserves for $540M. Over 40% liquids (vs Oak 20%, same EUR). Was probably worth 3-4x more than they got for it.

#3 2017: Karr was a minor sale, $100MM.

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