RE:TOU & KELT are actively buying (exp) acreage around + MNTN Nice work Res. Particularly on the TOU cross referencing. On my ipad I can't see a lot of Tou wells drilled near our acreage. They seem to be clustered near their batteries to the southeast.
I thought that Pat said only one well was needed to hold acreage in Montney in a news release? The presentation does say a second well is pending gas egress arrangements only.
where are you seeing the drilling plan on the two ERH wells? They must be extremely comfortable with the geology if they are going straight to ERH wells. No doubt the economics and IRR are far better.
so that puts us at 30 million in drilling roughly for the two new properties. Do they increase the budget or decrease the cardium well plan? Or move completions to late fall / early winter?
last interesting note from TOU is that they treat CL and Cardium as interchangeable wells. Which BNE team has excellent skills with.