Brief: Crew Energy Inc Announces 2020 Financial Results And Provides Operations Update

Crew Energy

11/03/2021 21:52

March 11 (Reuters) - Crew Energy Inc  CR.TO :
    * CREW ENERGY INC. ANNOUNCES 2020 FINANCIAL RESULTS AND
PROVIDES
OPERATIONS UPDATE HIGHLIGHTED BY SIGNIFICANT PROGRESS ON ASSET
DEVELOPMENT PLAN
    * CREW ENERGY INC - Q1/21 PRODUCTION IS EXPECTED TO AVERAGE
BETWEEN 25,500 AND 26,500 BOE PER DAY
    * CREW ENERGY - INCREASING Q1/21 NATURAL GAS PRODUCTION
RESULTED
IN INCREASING UTILIZATION OF COMMITTED TRANSPORTATION BY OVER
30% AS COMPARED TO Q4/20
    * CREW ENERGY INC - HAS OVER 50% OF FORECAST 2021 NATURAL
GAS
PRODUCTION IS HEDGED AT AN AVERAGE PRICE OF $2.48 PER GIGAJOULE
    * CREW ENERGY INC - FULL YEAR 2021 GUIDANCE REMAINS
UNCHANGED
    * CREW ENERGY INC QTRLY PETROLEUM AND NATURAL GAS SALES
$42.6
MILLION VERSUS $44.9 MILLION
    * CREW ENERGY INC QTRLY FFO PER SHARE 10 CENTS
    * CREW ENERGY INC QTRLY EARNINGS PER SHARE 22 CENTS
    * CREW ENERGY INC - Q4/20 PRODUCTION AVERAGED 21,666 BOE PER
DAY,
7% HIGHER THAN Q3/20

Source text for Eikon:  ID:nCNWZ0Jrga 
Further company coverage:  CR.TO 

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