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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

Post by Oldnaggeron Feb 06, 2024 8:14pm
180 Views
Post# 35866551

Lets get gassy

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 !!
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