Annual Meeting So today we had the Annual meeting, and no big surprizes but some really good informaiton.
Wembley/Pipestone - the south east corner of the play is currently has two wells being drilled on it and the will pretty well complete the Wembley/Pipeston deliniation, at Wemblley they have production behind the pipe, and toward the end of 2023 or the beginning of 2024 they will be bringing on 7000 more boe production from Wembley/pipestone.
Charlie Lake, management says some of these Charlie Lake wells come on at 1500 boe/day, and a recent report in the DOB says they produce more than 200,000 boe/day in their first year. This is primarily oil and they of tones of these locations.
Oak is on two major pipelines and they tested a new zone in the upper montney that is giving them the best results to date. Most of their drilling historically has been in the Middle montney. So if you look at slide 23, the best performing newest well is the Upper Montney well, which peaked at around 5250 Mmcf a day. Thats pretty good performance, and i think those wells are 29% liquids. Oak is going to be powered by Hydro and will be the cleanest production on the planet, and a highly desireable gas source for LNG.
2024 will be a big year for Kelt, and i am expecting a double from here at least.
IMHO