Post by
MyHoneyPot on Apr 28, 2023 11:02am
Wembley Wells / Progress
Wembley AAV has drilled 7 wells, 5 wells in Q1, and 2 wells in Q2. All seven wells will be completed in Q2, so AAV will get a big bump in Liquids production.
Wembley Wells at kelt have a type curve of 822 boe/day IP365, AAV wells should be similar.
So 7 wells should add roughly 822 * 7 *.62 = (3567 boe/day of liquids IP365), my guess is that they wells come on a lot stronger than 822 boe/day but i don't know the typecure.
Production from Wembley will be dependant upon the plant but there is a potential of adding 5,000 - 6,000 boe/day in Q2-Q3 just from Wembley.
In Q1 AAV produce 5765 boe/day of liquids, so these 7 wells at Wembley/Pipestone are going to move them significantly towards more liquids.
Also the progress well could be very liquids rich as well, however i am not sure what their target is, If it is Charlie Lake it could be very rich.
It looks like AAV is venturing out from is dry gas footprint.
I think this looks pretty good to me.
IMHO