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Crew Energy Inc T.CR

Alternate Symbol(s):  CWEGF

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

Comment by BeatTheOddsSquaon Aug 18, 2020 2:09pm
150 Views
Post# 31423952

RE:RE:RE:RE:Sell in 2023?

RE:RE:RE:RE:Sell in 2023?Gambler you are correct, lots of other pipelines besides LNG available to Crew, so they do not have to supply overseas markets and can always deliver to North American markets. The overseas markets would potentially offer a higher gas price, but at the moment they don't as they are oversupplied with LNG. Hopefully that changes by 2023.

In reading your post you mention potential for oil and blending. Are you suggesting transporting bitumen to NE BC via rail and then blending it with condensate on Crew's lands? I am not sure what you are referring to, please clarify if you have a moment.

I am guessing Crew LPG terminals would be for collecting LPG and then shipping it to the Ridley island LPG export terminal via the rail line which runs through their property?

As far as David Smith with Keyera, definetly an asset to Crew. The KAPS pipeline on the Alberta side unfortunately has gotten delayed by one year, but will help Montney producers get their condensate to market faster and hopefully realize a better price.

I believe Kelt's higher condensate gas wells were attractive to Conoco as they require that product for diluting their oilsands bitumen. Pony's assets I believe were mostly dry gas so not as good a fit?

Crew seems to have something for everyone, dry gas, wet gas, facilities, production and a large land base with good drilling potential.
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