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.

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Comment by gonatgasgoon Mar 28, 2021 1:52pm

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Post# 32895150

RE:RE:RE:Question

Thank you for all your work. That would be way ahead of guidance. Hopefully we will hear from Crew on May 6 about all of this.

BeatTheOddsSqua wrote: Gonatgo, here are some rough estimates that I have put together.

Q1/2021 Production Estimate

9-5 West Septimus Pad Q1/21 IP 30 rates for 7 new wells:

7 x 8.2 Mmcf/day = 57.4 Mmcf/day Gas (9567 Boe/day)

7 x 170 Bbls/day = 1190 Bbls/day Condensate

7 x 139 Bbls/day = 973 Bbls/day NGL's

9-5 West Septimus Pad Total average Q1 /2021 = 11730 Boe/day

Expected Q1/2021 Company Production : 11730 Boe/day + 20000 Boe/day = 31730 Boe/day

Note: UCR area production may have been shut-in for UCR 3-32 operations which will reduce production

Note: 9-5 Pad production rates were producing at restricted rates in Q1/2021 so no decline applied

Q2/2021 Production Estimate

9-5 West Septimus Pad Q2/21 IP 30 rates for 7 new wells:

25% Decline: 11730 Boe/day x 0.75 = 8798 Boe/day

3-32 UCR Pad Q2/21 expected rates for 6 new wells:

6 x 3.25 Mmcf/day = 19.5 Mmcf/day Gas (3250 Boe/day)

6 x 360 Bbls/day = 2160 Bbls/day Condensate

6 x 250 Bbls/day (estimate) = 1500 Bbls/day NGL's

3-32 UCR Pad (6 new wells) average Q2 /2021 = 6900 Boe /day.

Expected Q2/2021 Company Production : 15698 Boe/day + 20000 Boe/day = 35698 Boe/day