GroundbirchHas anyone had a serious look at Crews properties at Groundbirch ?? 70,000 acres and 722 drill sites for nat gas. The production rates for the first wells are significantly above a 12 bcf (EUR ) line .
That leaves the potential for ultimately more than 8.6 TCF of natural gas production ( at very low cost ) The field is at the head of the CGL pipeline going to Shell LNG (the present project ). In addition the pipeline capacity is big enough to double the thruput .
Other than location , Crew will have an additional advantage as supplier to the LNG projects once its new deep cut all electric gas plant is built. Building efficient gas plants powered by hydro is crucial for getting future LNG plants approved.
So given all the advantages that Crew has , what value does the market place on this ? Probably somewhere below zero , since investors are being led to believe that the gas plant project will be the end of Crew. Canadian petroleum investors must be the biggest group of dumb bunnies anywhere !!
Natural gas prices will recover by this fall ,and futures prices for 2024 will rise correspondingly. Even if they don't, then Crew will have enough condensate production to ride things out till they do
Thanks to Upinmuskoka for having contacted management to get Crews thinking.
Now lets listen to what we know and keep promoting this stock. Otherwise there is a small risk that we will be sold out for peanuts. That would be an epic tragedy, Crew is worth many more times alive than dead !!
https://images.app.goo.gl/bZT2VaGUGAEmxVeD8