Montney Wembley Capital efficiencyQ3 report wasn't great overall due to the 3rd party plant delay at Wembley. But a single sentence made it worthwhile: Kelt reported D&C costs of C$6.3MM @ Wembley.
Per 2023 reserves report, the EUR is 1M down around 10% from before when IP365 was listed on the presentation @ 820 boepd IIRC. So assuming 740boepd, we get a capital efficiency of ~$8500 (usually measured as well cost / IP365 boepd).
Now caution should be exercised because this doesn't include equipment and tie-in and the IP365 assumption I made. Nevertheless, I believe this is very good considering 47% liquids. Also, there are savings to the fact that there are 2 zones, potentially 3 that they can leverage for equipment, etc...
Why the ... because its amateur hour and I could be off base.
Good luck to all.
IMHO