Crew Energy Inc T.CR

Alternate Symbol(s): CWEGF

Energy Oil & Gas E&P

Crew Energy Inc. is a Canada-based natural gas company. The Company’s operations are focused primarily in the Montney in Northeast British Columbia (NEBC). It has primarily been focused on continued Montney development of its liquid’s rich natural gas area at Septimus / West Septimus (Greater Septimus), and its light oil weighted asset at Tower, British Columbia. Its Montney area assets include Septimus / West Septimus, Tower, Groundbirch, Attachie, Oak/Flatrock and Portage and are situated in northeast British Columbia. Its operations include liquid-rich natural gas and light oil production from the siltstone Montney formation. At up to 300 meters thick, the Montney is developed with long-reach horizontal wells, completed with water-based fracture stimulations. It holds a land base of over 264,000 net acres, out of which approximately 225,000 net undeveloped acres in the Montney with condensate, light oil, liquids-rich natural gas and dry gas.

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Crew Energy Inc > Bottom?

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Comment by Oldnaggeron Feb 05, 2023 4:57pm

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Post# 35267934

RE:Bottom?

I just learned something today. The determination of proved reserves is based on a companies willingness to develop those reserves over the next short period (5 years I believe )
Thus the announcement by Crew of their intention to double their production within that time frame may consequently lead to a higher proved reserves quantity and a higher NPV valuation !!

PonyBoyOutsider wrote:
Happy to see some Green charts in O & G this morning! Hopefully that was the bottom and now we can move forward.

Question: Anyone have any idea or expectations on the coming Sproule Reserves Report Update? Is there significant upgrade coming from great drilling results we've seen in the last year?

just trying to Garner some positive comments and suggestions to keep the love alive!

im hoping that report will give a little bump up, regardless of recent sentiment,

cheers guys,

PonyBoy Outsider