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BRIEF-Crew Energy Inc Announces 2021 Capital Budget, Two-Year Plan To Increase Production To Drive Margin Expansion

Published 2020-12-10, 07:13 a/m
Updated 2020-12-10, 07:18 a/m
© Reuters.

© Reuters.

Dec 10 (Reuters) - Crew Energy Inc CR.TO :

* CREW ENERGY INC. ANNOUNCES 2021 CAPITAL BUDGET AND TWO-YEAR PLAN TO INCREASE PRODUCTION TO DRIVE MARGIN EXPANSION

* CREW ENERGY INC - BOARD OF DIRECTORS APPROVED A CAPITAL EXPENDITURE BUDGET FOR 2021

* CREW ENERGY INC - OVER NEXT 24 MONTHS, CREW PLANS TO INCREASE ANNUAL AVERAGE DAILY PRODUCTION BY APPROXIMATELY 150%

* CREW ENERGY - OVER NEXT 24 MONTHS, CREW PLANS TO EXPAND ADJUSTED FUNDS FLOW BY OVER 300% RELATIVE TO 2020, SIGNIFICANTLY IMPROVING LEVERAGE METRICS

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