Kelt Exploration Ltd T.KEL

Wembley Alone Worth More Than Company

[CashFlowADay]

Include the other alberta stuff which is meh in a deal to justify the per barrel price fro 40k barrels.

 

Lets see a sale of Alberta already!

[PabloLafortune]

Good idea makes sense. Only thing is the RLI would still be 23 yrs  ex 3rd Wembley bench (Wembley only 22% booked) ex Charlie Lake @ Wembley and Pouce Coupe.  They've waited so long - and missed out on Inga - plus they've got everything in place - reserves, plant capacity, egress - to get to 50-55,000 boepd in Alberta in the not too distant future. So I don't see them

[MorganEarp]

I know this is hypotheticalm but 2.5 billion sale divided by ~ 200 million shares eqals about $12.50 per share by my numbers. Is that what you are saying Pablo? I would by quite happy with that, should it transpire, hopefully sooner that later....thougts welcome.....

[PabloLafortune]

That's what I'm hoping (bagholding) for. Probably not gonna happen of course.... All bets are off of course re oil and gas commodity pricing. Nobody's paying a premium for anything if WTI is $60 because its gravedancer time. The comparables are as follows: SDE Gold Creek sold to VRN for $1.7B. 38,000 boepd (55% liquids). 207MM 2P reserves. and Hammerhead sold to VRN for $2.55B. 56

[MorganEarp]

I know the feeling Pablo, thanks for your thoughts, they aare appreciated. Good fortune to is....I hope.

[MorganEarp]

"To us"....I should not type in the dark....