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Article: Crew Energy Issues 2009 Third Quarter Financial and Operating Results and Increases Guidance.
- Article from:
- Marketwire Canada
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Nov 10, 2009 (Marketwire via COMTEX) -- Crew Energy Inc. (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three and nine month periods ended September 30, 2009.
Highlights
- Increased production by 14% over the third quarter of 2008 to average 13,065 boe per day, 7% ahead of forecast;
- Funds from operations were $19.6 million or $0.25 per share;
- Reached an agreement to sell certain non-core assets for $25 million with an expected closing in November, 2009;
- Completed the construction of the Septimus gas plant which started operations ahead of schedule on ...