RE:RE:TOU & KELT are actively buying (exp) acreage around + MNTNTOU has licensed 3 wells targetting the same subcrop (AI it and you get the idea). It's in relation to the fairway for favorable exploration of the production zone. TOU"s land are closer to their acreage of the fairway but since the Fairway moves to the left near BNE's acreage it makes sense they're targetting the same subcrop there.
98% certain they need to drill MNTN 2nd well to keep all the acreage, it's in my notes somewhere but don't have time now.
On drill plan: click on the picture in the NR, enlarge it and look at the legend and the thin grea lines. The long ones I assume are ERH but I don't have further details mor than that.
In their NR they also highlight what you say about TOU applying expertise of Cardium to CL and the other way around:
- The Company's operational expertise with Cardium light oil development is directly applicable to Charlie Lake, including horizontal development, marketing and field optimization
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- R.