Rob Morgan, Senior Vice President and Chief Operating Officer of Crew Energy Inc. (TSX: CR), presented today at EnerCom’s The Oil & Gas Conference 20®.
Crew Energy Inc. is a dynamic, growth-oriented exploration and production company, focused on increasing long-term production, reserves and cash flow per share through the development of its world-class Montney resource. Crew is based in Calgary, Alberta and its shares are traded on The Toronto Stock Exchange under the trading symbol “CR”.
Crew’s Q2’15 production of 17,656 BOEPD exceeded budgeted volumes, while funds from operations and netbacks were higher than the previous quarter. Cash costs fell by more than 33% compared to the same period in 2014.
During the company’s breakout session, management was asked the following questions:
- What do you pay for pipeline availability?
- Could you talk about the specific timeline for the Septimus program?
- How do you see using the market for liquidity?
- What’s your consideration now for your near-term projects?
- What do you expect the company’s leverage to be at the end of 2015?
- What’s the capital budget in 2016?
- How confident are you in the development program once October and November roll around?
- Could you talk any ongoing issues with the Canadian pipeline scene?
