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Crew Energy Inc T.CR

Alternate Symbol(s):  CWEGF

Crew Energy Inc. is a Canadian liquids-rich natural gas producer. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. The Company’s Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower, and are situated in northeast British Columbia. Its liquids-rich natural gas areas of Septimus and West Septimus are complemented by the interconnected dry-gas resource at Groundbirch. It holds a large, contiguous land base of over 341 net sections in the Montney with condensate, light oil, liquids-rich natural gas and dry gas. The Company has access to diversified markets with operated infrastructure and access to multiple pipeline egress options.


TSX:CR - Post by User

Comment by BeatTheOddsSquaon Nov 04, 2022 1:39pm
216 Views
Post# 35073802

RE:RE:RE:RE:Another Great Quarter for Crew!

RE:RE:RE:RE:Another Great Quarter for Crew!Gonat as I mentioned earlier, Tower is light oil so it doesn't need to be processed at Crew's gas plants. The associated gas would but it is a small amount.

Greater Septimus is condensate/NGL rich gas and needs to be processed at Crew's gas plants. Crew's liquid capacity at their plants is filling up so it is nice to add BOE's without utilizing the plants.

Dale mentioned that they really liked Tower's light oil and as they built out their Septimus gas gathering infrastructure to the east that they could someday access those reserves. Arc and CNRL seem to love Tower as they have drilled right up against Crew's land holdings.

The well licences for the 15-28 pad were issued in 2014 so these drills have been on the books for some time. It looks like that time has come and that these locations may not have had to go through any additional  government reviews.

My best guess.

BTO

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