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Aug 28 (Reuters) - Oil and gas company Crew Energy Inc said it would sell its liquids-rich assets in Princess, Alberta for $150 million to focus on the development of its core Montney properties in British Columbia. The company said it would use the proceeds to expand its 2014 Montney capital program and repay debt. The company said the assets to be sold consist of current production 3,650 barrels of oil equivalent per day, according to field estimates. It was not immediately clear if the figure was in Canadian or U.S. dollars. (Reporting by Anannya Pramanick in Bangalore; Editing by Saumyadeb Chakrabarty)
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Crew Energy Inc.
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CODE : CR.TO |
ISIN : CA2265331074 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Crew Energy is a producing company based in Canada. Crew Energy is listed in Canada and in Germany. Its market capitalisation is CA$ 668.0 millions as of today (US$ 489.0 millions, € 457.0 millions). Its stock quote reached its highest recent level on February 11, 2005 at CA$ 9.99, and its lowest recent point on March 20, 2020 at CA$ 0.15. Crew Energy has 146 820 000 shares outstanding. |