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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 Oldnaggeron Dec 27, 2020 9:18pm
80 Views
Post# 32186214

RE:RE:RE:RE:Keep an eye on these guys..

RE:RE:RE:RE:Keep an eye on these guys..The reserves are listed as 2C (contingent reserves)  987 kb at Blackrod and 41 kb other Canadian heavy oil. From memory Blackrod is bitumen and is slated for thermal recovery for which they have a permit to operate at up to 80 kbpd. They have three well pairs test on test which are commercially viable with the second pair producing 900 bpd And a third (1400M) well ready to test soon.( I can't recall all the details so I will revert on that)
Also IPCO have their Onion Lake project which is re ramping up for phase 2 and subsequent wells' They are headed towards 14 kbpd of heavy oil at Onion Lake ( which I do not believe requires cutback to transport)
I believe they have their hands full for now. But with the backing of the Lundin Group they could probably bring additional financing if prices run up high enough.
Unfortunately,I failed to save their previous presentations so , I am short of all the details such as API etc.

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