RE:Most of the Liquids are removed in the Field Batteries#1 Alberta oil prone/liquids rich - Wembley and Charlie Lake - is a sweet play for Kelt. They should set a target of being 50% liquids in Alberta save for "other". Report Oak separately.
#2 Connecting the dots (Wembley to Pouce Coupe) is going to yield huge returns relative to $$$ spent. Deserves its own presentation page.
#3 Don't treat natural gas prone plays/locations the same as oil prone. Unlike oil, natural gas must be hedged when prices are high. Don't drill when prices are low. Review hedging methods (TOU recently booked some HH basis at very attractive prices - missed opportunity for Kelt IMO).
#4 Natural gas is natural gas. Fill the plants with natural gas that comes from locations that generates the most oil/condensate in the field.
#5 Don't have to spend every nickel of cashflow on capex....strong free cashflow can be used for many purposes eg land acquisitions.IOW keep your powder dry is a very effective investment strategy.
#6 if you're going to issue so many shares, at least buy an equivalent qty back. 3-4% of capex budget.
#7 3% + dividends helps those who borrow to invest and those with shares in a RRIF. Consider it for 2025.