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Crew Energy Montney Oil Wells Flowing 500 boe/d, 75% Liquids

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Crew Energy Inc., of Calgary, Alberta is pleased to present its operating and financial results for the three month period ended March 31, 2012. Three Montney liquids rich gas wells were completed at Septimus and came on production at rates of 776, 693 and 588 boe per day; The latest Tower oil well flowed at an average gross rate of 500 boe per day (375 bbls per day oil and liquids and 0.75 mmcf per day of natural gas);

Tower, British Columbia

Crew’s second well at Tower was rig released and completed early in the second quarter with a horizontal section of 1,067 meters.

The well was tested up 114 mm casing and after 12 days of testing was producing at a rate of 500 boe per day consisting of 375 bbls per day of 46 API oil and liquids and 0.75 mmcf per day of natural gas. The well is…

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