RE:RE:RE:RE:Oak essentially 200,000 contigious acres of MontneyKelt has a lot of irons in the fire for a company that produced less than 32,000 boe/day in Q2.
The value of a montney block whicih is almost 200,000 acres is huge, especially when you have expert knowledge and experience in the area one township over. You have to have a strategy based on expert knowledge, Kelt has that.
I trust the management decision making process, and really hedging of gas and oil has not been in the cards for quite some time because of the price decks.
Also if you hadn't notice Kelt has encountered many operational issues that impacted cash flow significantly that were not anticiapated. Gas processing in Wembley/Pipestone at the top of the list.
Things look very much like they are coming together for Kelt in Q4, 2024 but i think it likely has been stressful behind the scences and difficult.
I have confidence in David Wilson and the Kelt team are making the best decisions for the shareholders because they are fully aligned and fully invested themselves.
Sorry, i don't see very many plays pan out the way you suggest, good in theory but in practice it just does not happen that way.
IMHO