Oak essentially 200,000 contigious acres of Montney
Oak is a massive contigious Montney Land base, and may be one of the largest opportunities of its kind. That contributes very little in term of the value that people see currently in Kelt Resources.
A Large Montney play is usually considered to by 100,000 acres, much like Wembley/Pipestone that potentially worth billions of dollars.
Now Oak may defie the norm of collecting land blocks to establish a large enough land base, for a meaningful Resource Play.
Oak could be potentially 2 or 3 resouce plays for 2 or 3 companies, NVA a Pipestone Montney is only 35,000 acres and is a company maker on its own, but it is Alberta montney and more liquids rich, so not a great comparison but more to put things in perspective, Oak is almost 6 times the size of NVA pipestone.
So creative thinking is possible with Oak, - perhaps a sale of the portion of the play with a commitment of spend a certain amount of capital, so kelt gets the upside on the land position.
Or god forbid take on a partner to develop this massive play area, really what other company you know could have a 200,000 acres Montney play area.
Kelt has many opportunities before it, and they likely will need Partners to make this all happen.
MHP
IMHO