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BRIEF-Crew Energy Inc Provides Operations Update

Published 2021-02-01, 07:21 a/m
Updated 2021-02-01, 07:24 a/m
© Reuters.

Feb 1 (Reuters) - Crew Energy Inc CR.TO :

* CREW ENERGY - DURING 2021, PLANS TO INVEST $120 TO $145 MILLION OF CAPITAL, WHICH IS EXPECTED TO DRIVE AVERAGE PRODUCTION OF 26,000 TO 28,000 BOE PER DAY

* CREW ENERGY INC - ANTICIPATES INCREASING AVERAGE DAILY PRODUCTION OVER NEXT 24 MONTHS TO A TARGET RANGE OF 31,000 TO 33,000 BOE PER DAY

* CREW ENERGY INC - Q4/20 PRODUCTION ESTIMATED AT 21,500 BOE PER DAY

* CREW ENERGY INC - FULL YEAR 2020 PRODUCTION IS ESTIMATED TO AVERAGE 21,900 BOE PER DAY

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