Kelt Exploration Ltd T.KEL

Crew is it worth more than Kelt?

[MyHoneyPot]

I think not, and today is a fine example of the value held in Kelt.

Really how many Montney 110,000 acerage proven opportunites exist that have not already been exploited. 

No many, kelt value is so understated that it is a gift at these prices. 

Oak in its early stages with Kelt holding the keys to the play and all it previous knowledge when it sold off septimas. 

The final bolts are being tightened and this area is the hot spot of the montney. CVS Albright plant to initiate startup in September.

Kelt is off to the races, and will be dripping with FCF next year.

IMHO

[teashade]

>>Kelt is off to the races, and will be dripping with FCF next year I'm curious on your numbers. Q2 2024 AFFO was ~$43M and capex was $74m. As the treadmill is just starting up for KEL I expect the 2025 capital program to exceed 2024's pace. 2025 AFFO could be $350-400M (that's ~$100M/qtr! More than double Q2 2024...to accentuate how optimistic I'm being) but capex is going

[MyHoneyPot]

I assume that bringing on 14 wells in Wembley/Pipestone in the 4th quarter of the year will provide a significant boost to cash flow in 2025. With associated higher production numbers.  I think a lot of Capex has been spent, the North Pouce Coupe battery is now complete. Can't image what the companies capex plans are for 2025 yet but they will be putting forth their plan pretty soon

[CashFlowADay]

2025 AFFO could easily be large... Kelt will be a bit under 20k barrels of liquids and a bit over 30k barrels of gas.  The Wembley wells are super efficient and complete cash cows, coming online soon.

[teashade]

The 2025 AFFO could be large, the 2025 capex will be large