Kelt Montney well updateMontney well results at Wembley/Pipestone drive long-term infrastructure solution. The first Montney well (on production in Q4/17) has achieved an IP120 of 1,009 BOE/d (73% liquids) which is a very strong rate, in our view. Building on this success, the company plans to drill five additional wells in 2018 and has entered into a 5-year agreement with Tidewater for firm processing of 25 mmcf/d of gas. This plant is expected to be on-stream in Q3/19.