Lets get gassyGroundbirch is the part of Crew's landholdings that contains mostly natural gas which is composed of primarily methanes and ethanes and a small percentage of other liquids.
Crew has identified 722 potential drilling locations in the Area. Results for the first eight wells are shown on page 18 of the presentation. A little math shows that wells which have a curve demonstrating over 12 bcf of nat gas recovery per well leads to a cost of CD 0.83 per kscf Now , contrast that to the fact most North American dry gas wells cost out over USD 2.00 per kscf.. In fact there are at most 10,000 drilling locations in all of N.A that can be developped at less than USD 2.00
Now consider that in less than a year from now the Kitimat LNG project should be up and running.
Now , could someone please remind me again how stupid I am to remain invested in Crew !!