Go North Young Man - 2023
2022 we will see Wapiti presence made know in a big cash flow way, I Believe the new monobore wells at Wapiti will perform better than the historical wells. A lot of things happing in Grand Prarrie, with Karr plant being debottle necked, and Wapiti with the new lower cost monobore wells coming on, in which your going to see significantly improved well costs and higher production numbers.
Smokey Duvernay coming on stream, and North Duvernay will be will open up the Duvernay, all with existing facilities. Going forward some work will need to be done around facilities, to bring on incremental volumes.
2023 we expect that with the FEED studies currently ongoing, for Wilesden Green in 2022, we may be looking at the build out of a new facility (2023) and Wilesden green big production would likely be mid 2024. I would say 18 months to build out a plant, i would not be surprized if POU is not negociating for a plant right now, or they may be taking out a neighbors land position.
The Durvernay is getting a lot of attention, and what i expect to see is this, ATH will have a new improved balance sheet come 2023 so they will increase activity in the duvernay, Cresent Point is going to divest some Sask assets and will pour more capital into the duvernay, it is already their biggest portion of their capex spend.
2023 you may see a well pad drilled in Clear Water, and wih 500 sections a potential spin off from clearwater. Perpetual - JR's sister just spun off Rubellite Energy, and it getting traction right out of the gate. Would not be surprized to see a POU spin off another company there as well.
Wilesden Green i think there is a potential for a spin off there as well a very big play area where 200 locations currently booked, my guess is that they may be able to add to that. With almost 100 sections of land they can drill their ultra long wells pressing the extents of technology, and production efficiencies. More that 60,000 acres.
POU is debt free, if you net out their investment assets on their balance sheet.
IMHO