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Crew Energy Unveils 2016 Budget; Focus on Septimus Asset
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Crew Energy Inc. has approved a 2016 capital expenditure program of $74 million structured to preserve balance sheet strength, optimize production throughput to enhance netbacks through firm transportation arrangements and focus on continued cost reductions.
The capital activities planned for 2016 highlight Crew's strategy to maintain financial flexibility while continuing to develop our Montney asset base, positioning the Company for significant future production growth.
2016 Production, Well Activity, Capital Guidance Production Guidance : 23 - 25 Mboe/d (73% Gas) Capital Expenditure : $74 Million Drilling Activity (Wells Planned) : 8 Wells 2016 Highlights Forecast year-over-year production per share growth of approximately 23% with a 28% increase in annual average production volumes…- ✓ Full news archive — U.S., Canada & international coverage
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