RE:Riddle me this..I don't know jack about this stuff but it does seem like AAV and Kel would be good partners to swap assets.
By the way, reviewing the Q4 #s, the 2021 forecast and the non Oak wells being brought on line leads me to believe that the 10 Oak wells being brought on line in 2021 are pure upside to 2021 production esp in Q4 and of course to reserves (the FDC for BC montney in the 2020 reserves report is $58M on 11 wells).
Also, if you compare Kelt with NVA, Kelt's cashflow was $6 more per BOE in Q4 - higher realizations, slightly lower royalties, lower transportation, lower ops, slightly higher SG&A and of course much lower financing and interest costs. So when you compare the landbase and production, especially where Kelt will be by Q4, its easy to see that Kelt's valuation is getting very little to no credit for Oak and Wembley's potential.