Brief: Crew Energy Inc Says Quarter End Net Debt Of $337.7 Million Was 3% Lower Than Q4/19

Crew Energy

07/05/2020 23:25

May 7 (Reuters) - Crew Energy Inc  CR.TO :
    * CREW ENERGY INC. ANNOUNCES FIRST QUARTER 2020 FINANCIAL
AND
OPERATING RESULTS
    * CREW ENERGY INC QTRLY PRODUCTION OF 23,894 BOE PER DAY
    * CREW ENERGY INC -  QUARTER END NET DEBT OF $337.7 MILLION
WAS 3%
LOWER THAN Q4/19
    * CREW ENERGY INC - PLANS TO COMMENCE SHUTTING-IN ADDITIONAL
PRODUCTION IN MAY, 2020
    * CREW ENERGY INC - CURRENTLY ANTICIPATES SHUT-INS OF
APPROXIMATELY 750 BOE PER DAY AT LLOYDMINSTER
    * CREW ENERGY INC - MAINTAIN ANNUAL PRODUCTION GUIDANCE OF
20,000
TO 22,000 BOE PER DAY
    * CREW ENERGY INC - ANNUAL CAPITAL BUDGET RANGE HAS BEEN
REDUCED
TO $35 TO $40 MILLION
    * CREW ENERGY INC QTRLY LOSS PER SHARE $1.27
    * CREW ENERGY INC QTRLY PETROLEUM AND NATURAL GAS SALES
$38.1
MILLION VERSUS $55.5 MILLION

Source text for Eikon:  ID:nCNWMn18Ha 
Further company coverage:  CR.TO 

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