Crew Energy Announces 2023 Capital Budget and 4-Year Plan to Significantly Increase Size and Scale Through 2026 by Building on Success of Previous Two-Year Plan

Provided By Globe Newswire

Last update: Dec 8, 2022

CALGARY, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) ("Crew" or the "Company"), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce that our Board of Directors (the “Board”) has approved a capital expenditure budget for the full year 2023 (the “2023 Budget”), along with unveiling a new, longer-range asset development plan that builds on the successful execution realized with our 2020 two-year plan. Having provided preliminary guidance for the first half of 2023 (“H1/23”) within our Q3 2022 results press release, Crew is pleased to share details of our 2023 Budget, along with our preliminary longer-range plan through 2026 (the “Four-Year Plan”)¹.