Brief: Crew Energy Q3 FFO per share C$0.16

Crew Energy

03/11/2016 20:10

Nov 3 (Reuters) - Crew Energy Inc  CR.TO  -  
    * Qtrly achieved production of 23,211 boe per day, a 35% per 
share increase over same period in 2015 
    * Remains on target to achieve annual 2016 production at low 
end of our 23,000 to 25,000 boe per day guidance 
    * Q4 2016 production has been impacted by an eight day 
alliance pipeline full system shut down 
    * Eight day alliance pipeline full system shut down which 
has reduced volumes by approximately 1,600 boe per day in Q4 
    * By year end 2016 anticipates having 22 new wells drilled 
and 22 wells completed in greater septimus and tower 
    * For 2017, approximately 31% of our estimated natural gas 
price exposure is hedged 
    * Board of directors has approved an increase in 2016 
capital budget to approximately $100 million 
    * Announces third quarter 2016 financial and operating 
results and increase to 2016 capital budget 
    * Q3 FFO per share C$0.16 
 
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