Kelt released second quarter financial and operating results that exceeded our cash generation expectations. The Company will reallocate capital back to Alberta now that Alberta MRF royalty considerations accommodate renewed activity immediately, though resultant deliverability will not largely materialize until 2017e. A lower cost development premise should materialize in 2017e with a drilling program oriented towards penetrations on existing pads at that time. Our 12-month target price is e
11 Aug 2016
Reports Second Quarter Results, Further Expansion of Inga/ Fireweed Montney Footprint
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Reports Second Quarter Results, Further Expansion of Inga/ Fireweed Montney Footprint
Kelt Exploration Ltd. (KEL:TSE) | 0 0 -0.4% | Mkt Cap: 1,279m
- Published:
11 Aug 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Kelt released second quarter financial and operating results that exceeded our cash generation expectations. The Company will reallocate capital back to Alberta now that Alberta MRF royalty considerations accommodate renewed activity immediately, though resultant deliverability will not largely materialize until 2017e. A lower cost development premise should materialize in 2017e with a drilling program oriented towards penetrations on existing pads at that time. Our 12-month target price is e