RE:RE:Kelt ENERCOM Denver presentation 08/20/24Lots of good pieces of info.
Main thing I think I learned is that 6? of the 16 Wembley wells bring drilled this year are in a new zone (1) w/o any reserves booked currently.
Didn't discuss hedging - the lack of material hedging really works against them in this lower commodity price environment.
Shareholder return will come when an asset is sold.
From the way they (as in Kelt - only Sadiq spoke) talk all the plays are great - you have to figure out on your own what the flagship asset is / focus is and what's on the backburner.
I don't think they're perfect managers and the shareholder return process is taking forever but one thing I have no doubt about: the interests of the two guys in charge - David Wilson and Sadiq Lalani - are 100% aligned with shareholders.