Valuation Metrics to consider, page-2

Good extra color around the Montney plays that are out there CA. But still broadly confirms that we bought in at the right price, and that if drilling confirms what management are forecasting then there is considerable upside, remember we have used cutting edge modelling to pick the liquids rich location in the first place back in 2014/15, the play has moved our way and confirmed those early predictions in managements view, hence they confidently use the per acres numbers of $3,500 - $4,500 . Even using your much more conservative numbers we seem set up for a 7.5 or 2.5 move from here depending on results, 5 cents the mid point where I assume we will sit until results are in .

If we spud today, when do you think we will known anything meaningful?