Wembley/Pipestone - Canada's Permain BasinThe permain basin is know for its multizone oil weighted wells. In the Canadian montney kelt has the most perspective montney OIL play in Canada.
Kelt has been a leader in the development of the Charlie Lake, all well they have been delinating their massive Montney Oil Prospect.
This highly stacked play area mean 1/2 cycle economics are a potential with up to six stack oil horizions.
Charle Lake Wells can come on 70% oil and pay back in a number of months. In Wembley one well came on stream 1499 BOE/day IP30. 72% oil/ngls
It is clear that Kelt is not like Shells Duvernay, with a single zone play. Or other montney plays that are just not as liquids rich.
Kelt owns the prize and the market is finally waking up to what they have in Wembley/Pipestone
Kelt is the cheapest stock with the most potential and very little debt.
MHP
IMHO