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Crew Energy completes petroleum and natural gas rights exchange


Published Jul 24, 2015
Crew Energy Inc.-2

Crew Energy Inc. of Calgary, Alberta has completed a Northeast British Columbia Montney petroleum and natural gas rights exchange with the Province of British Columbia.

Through this transaction, Crew has been granted petroleum and natural gas rights in 53 net sections of Montney land which is contiguous to the Company's Groundbirch property, in exchange for the surrender of 66 net sections of the Company's undeveloped land situated within the Peace Moberly Tract in NE BC.

The New Acreage is well positioned within an area that has generated positive results in both the Upper and Lower Montney and is contiguous to Crew's existing land holdings at Groundbirch. This extensive land base offers access to existing and future infrastructure including Crew's planned gas processing facility at Groundbirch, the TCPL Nova NW mainline at Saturn, BC as well as the proposed TCPL North Montney Pipeline Project.

Tags: Crew Energy Inc.




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