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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

Post by og1959on Feb 23, 2021 1:58pm
116 Views
Post# 32638230

net acres calculation

net acres calculationper the AIF on sedar- 

W Septimus- 34,878 net acres
Septimus- 14,393 net acres
Tower- 34,570 net acres
Attachie- 37,785 net acres
Ground Birch- 132,060 net acres

Total net acres- March 2020 253,686 (typically 80 to 97% interest)

Feb 8 reserve reconciliation indicates that there was some disposition of reserves in 2020.

I doubt there has been a significant sale- it would have to be press released.

However, still in a great position.  Groundbirch is one of 3 focus area for TOU.
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