Brief: Crew Energy Announces Fourth Quarter And Full Year 2022 Results

Crew Energy

08/03/2023 22:04

March 8 (Reuters) - Crew Energy Inc  CR.TO :
    * CREW ENERGY ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022
RESULTS
HIGHLIGHTED BY RECORD PRODUCTION, ADJUSTED FUNDS FLOW AND NET
INCOME
    * CREW ENERGY INC - 2023 NET CAPITAL EXPENDITURES REDUCED TO
$190
TO $210 MILLION
    * CREW ENERGY INC - Q1/23 NET CAPITAL EXPENDITURES ARE
FORECAST AT
$25 TO $30 MILLION, WITH AVERAGE PRODUCTION OF 31,000 TO 33,000
BOE PER DAY
    * CREW ENERGY INC - MAINTAIN 2023 AVERAGE PRODUCTION AT
30,000 TO
32,000 BOE PER DAY TARGETING AN EXIT RATE OF 32,000 TO 34,000
BOE PER DAY
    * CREW ENERGY INC - Q4/22 AVERAGE PRODUCTION OF 32,893 BOE
PER DAY
    * CREW ENERGY INC - IN Q4/22, AFF GREW 60% OVER Q4/21 TO
TOTAL
$75.0 MILLION OR $0.46 PER FULLY DILUTED SHARE

Source text for Eikon:  ID:nGNX27dmpD 
Further company coverage:  CR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))