After deferring the release of its budget to allow for commodity prices to stabilize, Crew’s Board of Directors has approved a 2018e capital program between $80-$85 mm. This figure is well below both GMP FE and consensus prior estimates of $136.9 mm and ~$168 mm, respectively, though not unexpected given the directionality of prices in recent months. Within the confines of this program, the company anticipates 2018e production volumes of 23,500-24,500 boe/d, and assuming 1,500 boe/d of
09 Feb 2018
Releases 2017 reserves and 2018e capital budget
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Releases 2017 reserves and 2018e capital budget
Crew Energy Inc. (CR:TSE) | 0 0 -0.6% | Mkt Cap: 265.8m
- Published:
09 Feb 2018 -
Author:
Robert Fitzmartyn -
Pages:
10
After deferring the release of its budget to allow for commodity prices to stabilize, Crew’s Board of Directors has approved a 2018e capital program between $80-$85 mm. This figure is well below both GMP FE and consensus prior estimates of $136.9 mm and ~$168 mm, respectively, though not unexpected given the directionality of prices in recent months. Within the confines of this program, the company anticipates 2018e production volumes of 23,500-24,500 boe/d, and assuming 1,500 boe/d of