Taking the big Leap!! Passing NVA in the Future....Kelt is poised to take the big leap, much like NAV did that added approx 45,000 boe to their pipestone play, doubling their production, with 60,000 boe/day on the horizion on their 35,000 acre postage stame play.
Kelt can do so much more !
With 6.8 MMcf restored in Q2, 50 MMcf added in Q4, and 15 MMcf added in the next year Wembely/Pipestone (Montney, Charlie Lake) will be the resource that NVA always wanted but never had. (kelt currently has 124 MMcf total commitment in place)
This also holds true for many other montney producer with postage stamp play areas, who didn't have the patience, and didn't take the methodological approach that deliniated the wembley pipestone prospect.
Noth Pouce Coupe, Spirit River, and Oak represent futures for Kelt, but wembley pipestone is the play that has the potential to pave the way for kelt to 100,000 boe/day of highly productive Montney/Charlie Lake.
NVA a very prospective play and their future is really built around 35,000 acres of pipestone and the initiative of producing 60,000 boe/day off that postage stamp play.
Kelt is built for super majors that want to add highly productive montney oil on a resource that is good for 25 Years. 100,000 + boe/day
NVA is just a little bit ahead of kelt, but we are poise for 18 months of growth and excitement here.
MHP
IMHO