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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.


TSX:CR - Post by User

Crew Energy Inc > Crew has Nat Gas Hedged over $3 Cdn in Chicago
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Comment by gonatgasgoon Aug 17, 2020 6:31pm
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Post# 31420194

RE:RE:RE:RE:RE:RE:Crew has Nat Gas Hedged over $3 Cdn in Chicago

RE:RE:RE:RE:RE:RE:Crew has Nat Gas Hedged over $3 Cdn in Chicago
This is the one piece from the Q2 financial report that is not clear to me.  Luckyeleven, as you mentionned, Crew indicated that they want to maintain the same production in 2021 as the one in 2020.

Crew is about to invest $50-65 Million  in Q3 and Q4, mainly in the construction of 7 wells and the production will stay the same?  Either, these wells are not going to produce much (does not make sense), or some wells are about to get to the end of their life.  If Crew did not invest, was their 2021 production going to decrease significantly (we never heard that).

It does not make sense to spend that kind of money and not increase production in 2021.


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