Crew Energy Inc T.CR

Crew Monias

[gonatgasgo]

According to boereport.com, all 4 wells at Crew Monias 04-17 have a status of "rig released".  

Can someone explain to me what this is.  Is it oil?  Where does it fit in the strategy?

Sorry if this has been answered a while ago.

[Beakr123]

Monias is west of Septimus and generally produces liquids rich gas from what I recall. Be similar production to Septimus area.

[BeatTheOddsSqua]

Gonat as I mentioned earlier Crew is drilling a bunch of wells and not saying anything about them. This 4 well pad was not mentioned at the Winter Wonderland Conference and does not show up on the March 2021 Presentation. The 4-17 wells will have 2 mile lateral sections and are in an area offset by huge gas production in the Groundbirch area. If you look at slide 28 of the new presentation the

[gonatgasgo]

Thanks to both of you, BeattheOdds and Beakr123. Maybe we will hear more in a week from now.

[BeatTheOddsSqua]

We may hear something now that they have been mentioned on this board. LOL What this stock really needs is an anouncement of an asset disposition. A sale of Attachie, Oak Flatrock, Tower or even Lloydminister should get the share price headed north. A takeout offer from  Shell or LukOil may also help.

[Beakr123]

Agreed. Increasing profits for a good quarter along with a land sale to pay down more debt would be fantastic for the stock. Lol I think that might be wishful thinking for Shell but LukOil seems somewhat unpredictable. Odd they are buying such a small asset south of GP. Interesting to see how that plays out.

[gonatgasgo]

An asset sale would be great.  Or, improved guidance such as more wells are ready to produce and production is expected to be 28,000boe/d rather than 26,000 boe/d. It would be nice to hear they made a ton of money with the artic vortex.

[Oldnagger]

There is tremendous value in Crew, The value will soon become apparent to many. Crew will do extremely well. We just need to be patient !!