Kelt Exploration Ltd T.KEL

Petrinex September

[teashade]

[MyHoneyPot]

Well that better than June, but a 8% decline from July, I am not sure if the implementation of the additional processing impacted current operations. Thats what it looks like here. I guess we will have the answer on Nov 7, 2024. These number give relative guidance with respect to production but are not definative.  MHP IMHO

[teashade]

I don't know how to draw conclusions from the Petrinex data other than looking for step changes month to month. Some data is confidential, some production is in BC, and most liquids drop out in a processing facility. CSV Albright didn't take in any volumes in September so commissioning may be a ways off yet (as of September). I think Pipestone production is a Q1 event and ideally that

[PabloLafortune]

Per WCP results, AECO daily index was 69 cents per Mcf in Q3. September seemed a little worse than that per gasalberta website.  Is it possible that Kelt shut in some production in September rather than sell at a loss?  

[MyHoneyPot]

Maybe the have directed some of their field infastructure to the CVS Albright plant, and it is not reporting yet? That would be my guess of what is happening.  IMHO

[teashade]

Data could be revised later, I'll keep an eye on it: https://www.petrinex.ca/PD/Pages/APD.aspx https://i.imgur.com/FPATcke.jpeg CSV Albright shows as 'shutin' for September. Some KEL production could be shutin as they complete offsetting wells that aren't turned in line yet. No reason to hammer production now anyhow. The pivot table is activition code 'production'

[Quintessential1]

Yeah, because shutting in production is vebotten right? That is done by only the weakest of managements and doing it later rather than sooner  would look even more incompetent. HUH?  ;-)

[MyHoneyPot]

I believe that most of Kelts production has Kelt owned field batteries that feed into gas plants, and 2/3 of the liquids is generally removed in the field, that is how i understand it.  So these numbers likely do not include the Kelt field batteries, and can perhaps provide us a feel regarding the direction of the production. Kelt infastructure is more complicated. Looking forward to Nov 7