RE:RE:RE:Laglace Montney Well Licenses
they added a dozen wells to the drill program this year along with a gas plant. most of the wells to be spud in Q4 so that is where most of the free cash flow went.
They could drop the well numbers at any time and find another 40 million for share holders but I think they want to open up a few new areas so they can expand their well inventory and reserve numbers.
Kavern has mentioned the inventory a couple of times here as being a bit thin. Their new gas plant and pipelines should move the total location numbers up quickly with all of the offsetting development drilling.
I doubt there will be money spent drilling in the Montney without some sort of acquisition at the same time. These guys have been in harvest and exploit mode for most of their existence.