CALGARY, Alberta, May 20, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”) is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia (“NEBC”). The Company is pleased to announce the voting results for the election of directors at our annual general meeting of shareholders held on May 19, 2022 (the “Meeting“). Each of the six nominees proposed by Crew and as set forth in the Information Circular – Proxy Statement provided to shareholders in connection with the Meeting were elected as directors, with common shares … Continue Reading

CALGARY, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”) is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia (“NEBC”). The Company is pleased to announce our operating and financial results for the three-month period ended March 31, 2022. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on Crew’s website and filed on SEDAR at www.sedar.com.

“Our results for the first quarter of 2022 are indicative of the significant progress achieved to date on our … Continue Reading

CALGARY, Alberta, April 21, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”) is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia. The Company is pleased to announce that we have established a new record production rate in Q1 2022, and strong condensate rates from our latest completion program, setting the stage to deliver greater than 20% production per share growth and an enhanced financial position.

CALGARY, Alberta, April 11, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company“), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to announce that Mr. John Hooks has been appointed to the Board of Directors of Crew. Mr. Hooks has over 30 years of experience in the Canadian and international oil and gas space and has a demonstrated track record of organizational leadership. He has been the Chief Executive Officer, and formerly President, of PHX Energy Services Corp. and its predecessor, Phoenix Technology … Continue Reading

CALGARY, Alberta, March 08, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”) is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia (“NEBC”). The Company is pleased to announce our operating and financial results for the three and twelve month periods ended December 31, 2021. Crew’s audited consolidated Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on Crew’s website and filed on SEDAR at www.sedar.com.

“Crew is excited to advance the Company’s previously announced two-year asset development plan (the … Continue Reading

CALGARY, Alberta, Feb. 08, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to provide highlights from our year-end independent corporate reserves evaluation prepared by Sproule Associates Ltd. (“Sproule”) with an effective date of December 31, 2021 (the “Sproule Report”).

Crew’s 2021 year-end reserves reflect the successful first half execution of our previously announced two-year plan, designed to increase production and adjusted funds flow1 (“AFF”), generating free AFF1 which may be used for debt repayment, … Continue Reading

CALGARY, Alberta., Jan. 31, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company“) is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia. The Company is pleased to announce that we have established a new production record with average volumes estimated at 32,600 boe per day1 in December 2021, and are providing an operational update confirming that Crew’s two-year plan is on track to deliver greater than 20% production per share growth, over 50% Adjusted Funds Flow (AFF) growth and greater than a 45% reduction in … Continue Reading

CALGARY, Alberta, Dec. 08, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to confirm that our Board of Directors (the “Board”) has approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with our established two-year plan. In 2022, Crew plans to continue targeting increased annual average daily production, expand our adjusted funds flow (“AFF”), and generate free AFF1 for ongoing debt repayment designed to significantly improve leverage metrics (the “Two-Year … Continue Reading

CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to announce our operating and financial results for the three and nine month periods ended September 30, 2021. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on Crew’s website and filed on SEDAR at www.sedar.com.

“Crew benefitted from positive market developments in the third quarter as commodity prices reached levels unseen in recent history, enabling … Continue Reading

CALGARY, Alberta, Oct. 28, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to confirm the Q3 sale of our Lloydminster heavy oil asset representing the final step of our strategic transition to a pure-play Montney producer, and provide an operational update highlighted by recent drilling success and production volumes of 30,000 boe1 per day based on net field sales estimates.

Sharpening our Focus on the Montney with the Sale of Lloydminster

Late in Q3, … Continue Reading

CALGARY, Alberta, Sept. 30, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTC: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer focused in the world-class Montney play in northeast British Columbia, today announced that the Company will present at the Microcap Rodeo Fall Harvest Investor Conference on October 5th, 2021, and the Lytham Partners Fall 2021 Conference on October 6th, 2021.

Microcap Rodeo Fall Harvest Investor Conference

Senior management of Crew is scheduled to present on Tuesday, October 5th at 10:00 a.m. MST (12:00 pm EST), with one-on-one meetings to be held throughout the day on … Continue Reading

CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2021, and the release of our inaugural Environmental, Social and Governance (“ESG”) Report. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2021 are available on Crew’s newly designed website at www.crewenergy.com and filed on SEDAR at www.sedar.com.

Two-year sustainability plan on track1: Crew is now targeting adjusted funds … Continue Reading