Post by
MyHoneyPot on Nov 21, 2024 9:37pm
Kelt is a Premium Play, a mini POU ?
David Wilson an oil and gas rock star, has guided Kelt though the rocky shores and we really on the cusp of significantly increased CF.
I have been in touch with the company and here to report to my loyal friends....
The Gas plant repairs for gas production, did improve the production number for Q3, but the downtime could of had as much as 1000 boe/day production hit in Q3. So we should see improved production numbers even without the new plant.
The pipeline to from CVS Albright going north is about 20 mmcf and will open up some production.
The market is waking up to Kelt, and you can see how they are doing all the right things, so far we are seeing 3 montney zones, and we know about the charlie lake potential. I think the reserves are going to be great this year.
POU have demonstrated how its done, and now have almost 4 billion sitting on their balance sheet. The POU play area that sold a montney play that was about the same size as Wembley Pipestone, 67,500 boe/day about 4 billion dollars when you consider all the pieces. Eric Nuttall says it set the stage and the price for future deal metrics. Montney players have appreciated in value because of POU's work.
So clearly Wembley/Pipestone is worth more than the entire market cap of Kelt and we are off to the races, and early next year CVS Albright will put an even bigger smile on all Kelts share holders.
With the recent increase in activity i hope there is some space for missteps, forgiveness, as i believe the gas plant delay was not in their control.
MHP
IMHO