Crew Energy Inc T.CR

Alternate Symbol(s): CWEGF

Energy Oil & Gas E&P

Crew Energy Inc. is a Canada-based natural gas company. The Company’s operations are focused primarily in the Montney in Northeast British Columbia (NEBC). It has primarily been focused on continued Montney development of its liquid’s rich natural gas area at Septimus / West Septimus (Greater Septimus), and its light oil weighted asset at Tower, British Columbia. Its Montney area assets include Septimus / West Septimus, Tower, Groundbirch, Attachie, Oak/Flatrock and Portage and are situated in northeast British Columbia. Its operations include liquid-rich natural gas and light oil production from the siltstone Montney formation. At up to 300 meters thick, the Montney is developed with long-reach horizontal wells, completed with water-based fracture stimulations. It holds a land base of over 264,000 net acres, out of which approximately 225,000 net undeveloped acres in the Montney with condensate, light oil, liquids-rich natural gas and dry gas.

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Crew Energy Inc

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Comment by EbbFlow88on Oct 15, 2019 9:48am

182 Views

Post# 30231041

RE:RE:Schachter on BXE November 19, 2018

Auburn, those are good points, but don't you think there are more options available to Crew?

They are paying their interest payments and making small dents in debt with asset sales. Why wouldn't their creditors refinance, assuming they couldnt pay back the sum in 2024? Also, if it still looks bad in 2022, why couldnt Crew cut back on drill spending and direct cash to debt payments, etc? Maybe I'm not fully grasping the situation, but it doesn't seem as bad as the share price indicates.

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