Kelt Exploration Ltd T.KEL

Kelt AGM Playback

[MyHoneyPot]

Kelt AGM Playback Link

So the AGM confirms what i have been thinking about Kelt. 

Kelt deliniated they plays should they can right size the infastructure, put in bigger pipes and batteries from the get go.

David Wilson said Kelt have pretty well deliniated all of its land, and going forward it is really resouce development and they think they will be able to do it within the cash flow they generate. 

Some Key Points is a wembley charlie lake well is coming on and they are quiet often 60-70% liquids right out of the gate and they are less expensive to drill. 

A bright future for Kelt, and thank the management for posting the AGM online for the shareholders. 

IMHO

[longrun86]

I went through the call as well. Really interesting position that Station 2 will be an attractive hub. Station 2 and AECO have been very challenged the past several years. With Managements guidance that Kelt is now a production company they now have to be prepared to deal with their relative peer valuation using traditional industry metrics.  My preference would be for them to put the

[MyHoneyPot]

Kelt said the reason for the deliniation was so that they right sized the infastructure from the get go. . My concern is have they changed their strategy? I am wondering if this new Trudeau Capital Gains tax could impact their Division monetization strategy? Divisions are tracked within Kelt so there can be tax efficient dispositions.  I think Kelt is poised to add production quickly. At

[longrun86]

Your comment regarding their strategy is correct. Kelt has gone from being a resource play developer to a "producer". The focus is now less about delineation (which has been done) and more about maximizing free cash flow. I think that announcement effectively puts the "for sale" sign on Kelt for traditional producers who would like to have sizeable reserves that they can

[PabloLafortune]

I'm invested in Antero Resources ("AR" not "AM" the midstream), a lot of their natgas sales are in the LNG "Fairway" ie selling to the LNG exporters. Something like selling to station2 once LNG Canada is up and running. Its been somewhat beneficial it seems - cant put a number on it, they dont either... - but not the panacea that being the actual exporter has been