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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 Feb 15, 2021 8:36pm
116 Views
Post# 32570258

RE:RE:RE:RE:RE:RE:RE:Any comments/thoughts on Crew's Heavy Oil Drilling?

RE:RE:RE:RE:RE:RE:RE:Any comments/thoughts on Crew's Heavy Oil Drilling?TGC there are actually 4 Lloyd wells licenced from a common surface location at 16-11-52-07W4.

The wells will have approximately 1 mile long horizontal legs and should contribute a minimum of 1000 Bbls/day of heavy oil production if all 4 wells are drilled and brought on production. I agree that Crew may be 1) utilizing new completion technology that they have learned in the Montney and 2) highlighting the potential of their heavy oil assets.

A coulegue has mentioned that Crew is quietly peddling their heavy oil assets to interested parties. There may be alot more interest in Lloyd, should these new wells show improved drilling and completion costs and higher intial production rates.

Crew...firing on all cylinders!
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