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Crew's Montney Ops Fuel 2015 Growth; Adds to Asset Base
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Crew Energy Inc. reported operating and financial results for the three and twelve month periods ended December 31, 2015.
Key Points: Crew strengthened our Montney asset base with the completion of two transactions during the year including an innovative petroleum and natural gas rights exchange with the Province of BC The operational success realized at West Septimus in 2015 confirmed the substantial opportunity for further drilling and area expansion. 2015 Highlights Fourth quarter 2015 funds from operations were $19.6 million or $0.14 per diluted share and contributed to full year 2015 funds from operations of $82.4 million or $0.60 per diluted share; Fourth quarter volumes increased 23% over third quarter, averaging 20,706 boe per day as processing at the West Septimus facility…- ✓ Full news archive — U.S., Canada & international coverage
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