RE:RE:RE:MD&A I notice impairment in production in Q3 2023, about 5000 boe/day a combination of when they turned around the gas plant at Oak, and Wembley was impaired by 2500 first showed up.
So the production at wembley is not quite as simply to caculate for 2023 or 2024 because the gas plant there has been operating at 27.2 mmcf not the name plate 34 MMcf. (Down 20%, 6.8 MMcf)
So extending their bank line is a good think because they could drill a few extra wells and get production to capacity everywhere. My personnel guess is that they were not in a position to fix the gas production at wembley because of the impact on CF, and finding themselves in the midst of a process of bringing on 25 MMcf of production at another plant, they decided to wait it out.
With 5 gas plants in Wembley it must be a little tricky is my guess to manage production, and if one is having trouble and your running at full capacity is there any backup? i am not sure but i do think it is complex.
How much gas production would be at the end of that pipeline and how long is the pipeline, it looks like 30 Miles, that is my guess from the map.
In any case the increase of the bankline is a good indication that kelt is looking to accelerate bringing on some of this production, and is not going to limit it entirely by the capacity of its CF.
We are half way throught Q2, and hopefully production is restored quickly associated with the Wembley gas plant repairs and lets hope we don't have any wild fire issues.
IMHO