Wembley Confidence - Kelt is UndervaluedWembley Pipestone has been in development for many years now, and some of you may say it has been quite a long time.
1. Some times they want to confirm the reserves numbers with long standing wells.
2. Other times they may want to collect additional acerage in the area.
3. Most often they need Processing Capacity to bring the production on.
I am sure that all this was part of the equation, and it was not accidential that David Wilson planned a number of well pads for 2024, and confirm in the anual meeting that Wembley Pipestone is moving into full production.
I am sure that plays companys like Hammer Head did not put that rigor in terms of proving of their reserves and defining the resource. In fact the primary shareholder of Hammer Head was an investment fund that could not sell it soon enough.
Wembley/Pipestone is a premium play, and the value it is not currently being recognized in Kelts current market cap.
Wembley will spark interest in quality companies, and there will be a line up of companies they will find Wembley/Pipestone a desirable asset.
CVS was the missing link that has been years in the making, Kelt is ready for a major increase CF.
Kelt is trading at bargin basement prices.
IMHO
MHP