Icing on top of the CakeThe Charlie Lake at Wembley is a play above the Montney, and is the icing on the Liquids Rich Montney play, there is a good chance of have more than 5 stacked pay zones in that area. Leading to superior economics, even though they only have 20,000 net acres of Charlie Lake at Wembley.
The Charlie Lake generally has an upper and lower zone, but the most exciting part of the wembley charlie lake is they have come on 1200 -1500 boe/day and they come on 70-72% oil/liquids.
So Last year wembley produced 57% liquids, and adding charlie lake wells is a good way to keep the cash generation ability of the area strong even as they experience well decline and the wells become gassier.
It will likely be to soon to get an IP30 from the ner 12-12 charlie lake well, but if it is anything like the other wells, nothing short of a home run.
It is full on develpment from here, and the speed will be dectated by Cash Flow of a debt free company in a highly liquids are that has not interest playments, or dividends.
IMHO