RE:RE:RE:RE:Dale is speaking todayOldnagger,
Happy 10 bagger day to you! You deserve it buddy. You have spent lots of hours, days and months sharing your insight on Crew and the oil patch in generally from both a National and International perspective and it is much appreciated.
You are exactly correct, the 2021 reserve report will look a lot different for Crew in a very good way. The price deck will be significantly higher, costs will be lower and the fact that Crew is now drilling and completing wells in different zones in the Montney stack will mean that they should see a big uptick in reserves on their acreage as new 1P and 2P reserves can be added to other zones.
After reviewing Crew's active well drilling on the BOE report, I found it a little peculiar to see that Crew is currently only drilling approximately 4-6 wells. They don't have any new wells licenced that I could find and Dale mentioned in the presentation that they haven't yet approved the 2022 budget.
Although they have 20 plus drilled and uncompleted wellbores that are in various stages of being completed, tied-in, etc.,I was expecting Crew would be running hard with the drill rigs to capture the insane gas and condensate pricing.
instead Crew is extremely quiet on the drilling front, compared to the winter 2020-21 drilling season.
I don't know exactly why but the fact that they are focused only on bringing as much production on stream as possible from their existing wells has me thinking something may be about to happen with Crew.
I just don't have a clue as to what it is, but I have a feeling it will be very very good for Crew shareholders.
GLTA
BTO