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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 Oldnaggeron Feb 08, 2024 11:43pm
171 Views
Post# 35871651

RE:2024 Plan

RE:2024 PlanCrew has decided to invest 60 to 70 Million dollars in strategic electrification  projects. Seeing that they will recover 42 million dollars that leaves them with a net cost of 18 to 28 for 20 mmscfd increased processing failities at Septimus and preliminary work for Groundbirch .

With all the extra Lng capacity coming online across North America . The price of natural gas will rise substantially. When it does , Crew will be bettter prepared than most. Specifically they will be able to produce the type of eco friendly dry gas that the Kitimat LNG project requires. That is a long term business relationship that will take Crew permanently out of the Boom Bust cycles that we currently must endure..

A very good reason to invest in a company with  steady growth prospects IMO
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