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 BeatTheOddsSquaon Mar 28, 2021 2:08pm

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Post# 32895200

RE:RE:RE:Question

That's why I had a chuckle when I looked at Crew's guidance.

If you see my notes, I don't know if they had to shut-in production in the UCR area for drilling and completion operations on the 3-32 Pad, which would reduce Q1/2021 production volumes.

Also I used the production rates for the 9-5 Pad from the Feb 1 release without declining it as they mention in the release that the 9-5 Pad was producing at restricted rates.

Crew currently has up to 18 DUC wells available for completion to offset declines and can easily maintain production at over 30,000 Boe/day without any additional drilling, from my estimates.

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