RE:RE:RE:RE:Kelts Evaluation verses Tamarack Valley EnergyI understand your frustration believe me but if oil prices had stayed low for longer, Kelt would have survived while many indebted peers might have disappeared. So there was a risk reward calculus that was reasonable to make at the time for me. I always choose the shortest line at customs but it doesnt always work out.
Also, the way I see it now, with Kelt's decline being 32% per PNE presentation, production circa 31,000 boepd (January per Kelt) and Wembley IP365 of 820, they need 12 wells or $100M + 15% infra to maintain production levels (while increasing liquids), all the cashflow above that is shareholder return plus the ROI on that invested capital. In sports parlance Kelt is dominating the play but not being rewarded doesnt mean they shouldnt carry on.