Impact: Positive. Crew reported reserves that exceeded our expectations, notably demonstrating an assigned valuation higher than the prior year by its independent reserve evaluator, Sproule, which will be differentiated for most reporting this year. Further, FD&A and F&D costs achieved in 2015 were far superior to that achieved in prior years. Finally, its Lower Montney well averaged 4.5 mmcf/d and 34 bbl/mmcf C5+ (IP50) which we believe is a good result and justifies the incorporation of anothe ....
17 Feb 2016
CREW ENERGY INC. (CR) REPORTS 2015 YEAR-END RESERVES
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CREW ENERGY INC. (CR) REPORTS 2015 YEAR-END RESERVES
Crew Energy Inc. (CR:TSE) | 0 0 -0.6% | Mkt Cap: 265.8m
- Published:
17 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
5
Impact: Positive. Crew reported reserves that exceeded our expectations, notably demonstrating an assigned valuation higher than the prior year by its independent reserve evaluator, Sproule, which will be differentiated for most reporting this year. Further, FD&A and F&D costs achieved in 2015 were far superior to that achieved in prior years. Finally, its Lower Montney well averaged 4.5 mmcf/d and 34 bbl/mmcf C5+ (IP50) which we believe is a good result and justifies the incorporation of anothe ....