RE:vs. bookvalueKelt 2020 PDP was 29M barrels, 27 wells are being drilled or brought on line in 2021... Q1 netback was $17.67 so the value of 2021 PDP looks promising (no comment on 2P...). But mainly this is a long term play based on land development. Btw, not pumping Kelt's tires, its been a disappointing stock relative to its peers (for example, a few months ago you could buy 2 NVA shares with 1 Kelt share and now they're basically the same price).