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.

TSX:KEL - Post by User

Kelt Exploration Ltd > Montney Wembley Capital efficiency

<< Previous

Bullboard Posts

Comment by MyHoneyPoton Nov 18, 2024 3:19pm

32 Views

Post# 36318533

RE:RE:RE:Montney Wembley Capital efficiency

Its a great idea, and they has enough cash to do it.

But POU has 1.3 million acres or more in Cavalier, and there are a few treasure in there that i know of, that could be funded all on their own.

However Not in cavalier but on POU's presentation is the Liard/Hornriver basin is a massive prolific play, with endless resource. One of the top ten gas basins in the world.

Liard: Canada

Liard Basin is located in British Columbia, Northwest Canada, spans 430,000 acres, and features natural gas reserves of up to 48 trillion cubic feet (Tcf). Situated near Canada’s highly drilled Horn River Basin, Liard offers new shale play since it’s currently highly undertapped. Estimates show recoverable gas resources at around 158 Tcf. So far, companies have drilled at least 3.1 Bcf over a 12-month period. Since the drilling in the Liard Basin is still relatively recent, the combination of the estimated resources, as well as future production, will likely prove it a major global reserve.

Kelt will do fine here, once these wells get put onto production the CF and FCF will surge.

IMHO
MHP