Low Risk High LiquidsPage 11 (Corporate Presentation), is the big opportunity we will see come to fruition in Q2.
You can see where the new wells are being drilled at Wembley, and looking at wells 2 miles in length with little risk.
All these new wells drilled are in existing know producing horizions, only one of the wells to be drilled explore a new horizion. AAV are just expanding out from successful good producing wells.
Also AAV neighbors is Kelt who have drill many Montney wells and have proved 3 montney horizions, and have also found two charlie lake horizions, upper and lower charlie lake.
ARX is roughly 60,000 boe/day, own major infastructure and only 1.16 billion market cap, and they are well within the debt threshold.
The wells at Wembley with be 62% liquids, and expect AAV cashflow and liquids ratio to go up. Kelts wells have IP365 of 822 boe/day but i am not sure the length of those wells in their well projections.
AAV is way underpriced, and today is a buy day.
IMHO