RE:How does Crew pay down debt?It's good logic, and they also have a few smaller non-core land sales. If ARX expedite their build at Attachie, that land asset would command a fair figure as it's pretty clear it's a great resource.
One challenge that you might be overlooking is declines. At septimus, it's now around 11%, but these new wells have super high declines and condensate is "Ultra" high declines.
I'll leave other readers to do their homework on the decline rates of the UCR wells and / or the gas wells, because every time I convey some information I seem to get insulted on here.
Your logic is sound in my view, but I think there's a few more asset sales to consider + the declines to factor in.
I think they will likely treadmill around 20-23kbpd and I don't see the growth given the declines on the new wells.