RE:RE:Lack of clarity In reply , my retort is that land and more particularly drilling locations have increasingly become a tradeable commodity. In fact for the most recent merger, CPG was willing to issue equity to obtain both land and production. Likewise PEY and TOU
The reason is that acquiring production by drilling is much less expensive than acquiring production by share buybacks.
Somebody asked where I got the number of drilling sites for Crew and the answer is from Crew's presentation. Why do I describe them as tier 1 . Well the reason is that no matter where Crew drills they come up with not only prolific wells, but also on numerous zones.
Yet , the lower Montney has been barely tested and the Monias only recently showed its strength.
More drilling will not only add to Crew's cash flow, but it will also serve to further establish the value of Crews property ( Tower ) and quite properly establish furthe valuable drilling zones
Crew is definetly on the right path , but I will not say more until the Q3 report comes out !!