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Kelt Exploration Ltd

Company Summary

Description

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta, Canada. The company focuses on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.

Website

http://www.keltexploration.com/

Operational Regions

  • Western Canadian Sedimentary Basin

Financial Data:


Tickers:

  • KEL - Toronto Stock Exchange

Firm Transport Commitments

Project: Tidewater Montney Deep-Cut Gas Plant - Phase 1
Firm Commitment: 25 Mmcf/d

Project: Townsend Deep Cut Gas Plant Expansion (2019)
Firm Commitment: 75 Mmcf/d

Recent news

  • 9/13/2022 - Canadian Companies... (subscriber access)
  • 7/7/2022 - Kelt Increases 2022... (subscriber access)
  • 7/7/2022 - Kelt Updates its... (subscriber access)
  • 8/24/2020 - Conoco Closes on Montney... (subscriber access)
  • 7/23/2020 - Conoco Adding to Montney... (subscriber access)

Investor Presentations

  • November 2019 Presentation
  • September 2019 Presentation (subscriber access)
  • May 2019 Presentation (subscriber access)
  • March 2019 Corporate Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • January 2018 Corporate Presentation (subscriber access)
  • March 2017 Investor Presentation (subscriber access)
  • Corporate Presentation - January 2017 (subscriber access)
  • Investor Presentation - December 2016 (subscriber access)
  • November Corporate Presentation (2016) (subscriber access)

Company Transactions

Date: 9/30/2020
Type: Acquisition

BUYERS:
  • ConocoPhillips Company
    • SELLERS:
  • Kelt Exploration Ltd
    • DETAILS:

    COST: 375 $MM

    VOLUMES: 15 MBOE/d

    ACRES: 140000 Acres

    NOTES:
    The deal includes 140,000 net acres in the Inga-Fireweed zone, adjacent to COP's existing position. The assets hold an estimated 1 billion boe in resources and there is 15 Mboe/d in current production. Closing is targeted for the third quarter of 2020.
    REGIONS:
  • Montney Formation

    • Date: 6/15/2017
    Type: Acquisition

    BUYERS:
  • Kelt Exploration Ltd
    • DETAILS:

    COST: 12.5 $MM

    NOTES:
    This acquisition includes "four 4,700 horsepower gas compressors with aggregate capacity of 100 MMcf per day, two 50 MMcf per day gas dehydration units, a fuel gas conditioning skid, a high pressure flare system, four 750 barrel tanks, a vapor recovery unit, instrument air compressors, three electric power generators, a master control centre building and several other buildings and associated equipment."
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 1/18/2017
    Type: Acquisition

    SELLERS:
  • Kelt Exploration Ltd
    • DETAILS:

    COST: 74 $MM

    VOLUMES: 1.3 MBOE/d

    ACRES: 16400 Acres

    NOTES:
    The assets in consideration had an average December 2016 production of 1.3 Mboe/d (34% oil) spread across 16,400 net acres .
    REGIONS:
  • Western Canadian Sedimentary Basin
  • Montney Formation