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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd. is an oil and gas company, focused on the exploration, development and production of crude oil and natural gas resources in Western Canada. The Company primarily operates 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. Its 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 May 03, 2024 7:03pm
145 Views
Post# 36022694

Kelt is a Player in the Charlie Lake

Kelt is a Player in the Charlie LakeUser image

Kelt has significant acreage in the Charlie Lake and it is a very complementary play to the Montney, as it is mutizone, (Lower, Upper), and comes on often with more than 70% oil.

Kelt has just brought on a Charlie Lake well in Wembley, and balancing the development of stacked in conjunction with Montney is a good way to optimize the production in a given area. 

Kelt is one of the top 5 Charlie Lake players, and this is a very economical play, that improves the economics of the montney and in the case of wembley adds additional zones. 

Kelt is adding 50 MMcf at Wembley in a few short months, and CVS is in the process of hiring people to staff this gas plant as we speak. 

IMHO
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