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Crew Ups Cardium, Montney Reserve Potential
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Crew Energy Inc. has reported the results of its independent reserve evaluation for the year ended December 31, 2012 as prepared by Sproule Associates Ltd.
2012 Highlights: Achieved all-in finding, development and acquisition (FD&A) costs of $8.17 per boe on proved plus probable reserves, including changes in future development costs, resulting in a recycle ratio of 2.7 times; Achieved finding and development (F&D) costs of $11.71 per boe on proved plus probable reserves, including changes in future development costs, resulting in a recycle ratio of 1.9 times; Generated a proved plus probable reserve replacement ratio on production of 254% and a proven reserve replacement ratio on production of 193%; Proved developed producing reserves increased 50% to 44.7 mmboe after production of 10.2…- ✓ Full news archive — U.S., Canada & international coverage
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