Whats Wembley/Pipestone worth?
NVA pipestone is currently producing 45,000 boe/day, and these are NVA's highest netback barrels.
NVA production current production is 83,000 boe/day. 54% of their current production is currently coming from Pipestone.
NVA has 2.4 billion market cap, and more than 54% of their current production comes from Pipestone.
NVA Pipestone target production for pipestone is 62,000 boe/day, so they believe their pipestone prospect will grow 37%.
So if 35,000 acres of Pipestone gassy production is worth more than 1.2 billion dollars of NVA market cap, after a share pull back.
What is 110,139 acres of wemble pipestone worth coupled with 16,000 acres of Charlie lake that is oily and higher liquids.
Kelt is simply way to cheap.
IMHO
MHP