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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 sportstermathewon Dec 09, 2022 9:19am
207 Views
Post# 35161313

RE:RE:RE:RE:RE:Well Gonatgasgo

RE:RE:RE:RE:RE:Well Gonatgasgo This news release is only one factor regarding CR.

It proves they are very solid and going to grow.  Maybe they are underselling and with BC issues a concern can't input much of this yet.

I like the main paragraph as follows:

Crew’s Four-Year Plan is designed to build on the momentum gained over the last two years, underpinned by a planned active hedging program and continued focus on operational excellence and execution. The Company’s long runway of more than 2,500 identified potential drilling locations6, of which only 219 are currently booked, supports our goal to double Crew’s production to more than 60,000 boe per day2 between 2023 and 2026, while maintaining a net debt3 to LTM EBITDA4 ratio of approximately one times or less through that period. In the development of our dynamic and flexible Four-Year Plan, the Company has taken a measured approach and considered a variety of potential adverse events7. By doing so, Crew plans to implement cost-effective contingencies available for exercise at our option to maintain the position of financial strength that we successfully realized by executing our previous 2020 two-year plan.


Some of their wells are so strong I doubt production won't grow.




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