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 integrity11on May 27, 2021 9:57pm

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Post# 33283858

RE:RE:RE:RE:RE:RE:RE:TGC -

Actually free AFF in 2022 available for debt payment is forecasted to range from $55-75 million so combined with the remaining gas plant sale of $37 million, Crew will be reducing their debt from $92 to 112 million. As we all agree 1 or more additional asset/land sales are needed and will reduce debt to an even more manageable level (I say will as I do believe it will happen this year). I hope Dale listens or hears of this board and the sensible suggestions by Cheadle, Gonatgo, Oldnagger and others.

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