RE:CREW HZ MONIAS B04-17-081-21 DRILLING SUSPENDED
2021-01-05
DRILLING SUSPENDED
2021-01-05
The Great Cheadle, that is one of four wells on a new 4 well pad that Crew has spud at 4-17-81-21w6 in the Monias (Groundbirch) Area. They have two wells with surface and or intermediate casing set on the pad and have spud the remaining two wells.
The wells once again are next to Crew's new pipeline and are not shown on the new presentation. However if you go to slide 23, the surface location would be on top of the red dashed and black lines (Crew's new pipeline) just SW of the "One 12 inch and two 6 inch " label. All of the wells to the east are Shell operated wells.
I was happy to see the share price move up into the $0.60 range. Anonomous still playing games, perhaps covering a short position as they did a masterful job of painting the tape at $0.63 on Friday afternoon. I don't mind though as without them I don't think there would be much trading volume. Any shorts have probably realized that Crew's share price is heading higher.
I can't wait to see the update anouncing the production rates from Crew's new wells. Things are looking good for Crew in 2021 as they continue to drill wells like crazy. Very exciting to see!