Relatively New to KeltWhat i kind of see when i look at kelts development, is wells that really are not optimially place for play development. Really they are looking at proving up reserves, and the production is not optimal.
If that is the case are we really just looking for the yearly reserve report, NVA value of the shares, etc.
Pipestone it very valueable land and when i talked to Kelt, they felt it was worth a billion. Not very many companies have a billion but they did mention that they were the second largest producer in the area behind a major.
TOU just announced some great results from Charlie lake wells confirming the kind of result that Kelt is likely getting.
I think with improved cash flow this year, and pretty conservative budget kelt will be just fine, and i don't like share buybacks..
IMHO