RE:RE:RE:RE:Wembley Pipestone + Charlie Lake > $2 billion 2024 year/endKelt says they have agreements with 5 gas plants in the area. They were have issues in Q3 and part of Q4 and were impaired from getting their full gas plant capacity in Wembley. That is one reason why their production was off in Q3, and will be a little bit down in Q4.
They have said that they will have 50 MMcf come on in Q4, 2024, and are drilling 16 wells at wembley to support that projection capacity increase.
The press release from Altagas regarding the Gas plant expansion, i believe is new plant that would be additional to any plant capacity the Kelt has already commited to.
AltaGas Phase2 Pipestone> TVE has said the Charlie lake is one of the most economical plays in North America, and a couple of the wells drilled in Wembley were drilled with Kelt.
TVE slide showing charlie lake payback economics> This area needs more plant, and my guess is that Kelt has likely aready picked up some extra capacity, but have not had a chance to communicate it to the shareholders yet.
IMHO