RE:RE:RE:OldNagger Thanks PBO ,,my contribution comes from page 17 of the 2020 Annual Info form
34605 net acres at 94 % (i.e. 36813 gross)
1 retention well drilled but no plan to complete it in near future .
Assigned reserves 6.714 million barrels liquiids and 163964 mmcf nat gas (27.327 net million bfoe )
according to Sproule.
Crew talks about liquiids rich reserves but as per my calcs I get 19 % based on the above reserves nos.
To someone who could develop the property at todays prices without to much delay the returns would probably be very good as I am sure the reserves are likely very conservative ( deepest multizone region of Crew's properties) How much would Crew get for a land sale ? Hard to tell , but I am guessing 10k times 34.605 k = $340 million.
As I recall you had 550 k shares, so that would be Over 1 million for you !! Don't spend it all yet though !!