|By Marketwired .||
|May 30, 2014 02:30 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 05/30/14 -- Crew Energy Inc. (TSX: CR) ("Crew" or "the Company") is pleased to announce that it has closed its previously announced disposition of certain petroleum and natural gas assets (75% natural gas) focused primarily in the Deep Basin of Alberta, with an effective date of April 1, 2014. Full details regarding the disposition and concurrent acquisition of strategic Montney acreage were contained in Crew's press release dated April 9, 2014.
Consideration for the disposition totaled approximately $222 million in cash, before closing adjustments, plus approximately 400 bbls per day of heavy oil production in the Company's Lloydminster area. This transaction provides Crew with an additional and non-dilutive source of funding to accelerate its five year Montney growth plan.
With the closing of this transaction, Crew has expanded its 2014 exploration and capital program by $39 million to $285 million which will be directed to continued acceleration of the Company's core Montney development.
Crew is a Calgary, Alberta based oil and gas exploration, development and production company whose shares are traded on the Toronto Stock Exchange under the trading symbol "CR". For further information about Crew, please visit the Company's website at www.crewenergy.com.
Crew Energy Inc.
President and C.E.O.
Crew Energy Inc.
Senior Vice President and C.F.O.
Crew Energy Inc.
Senior Vice President and C.O.O
LogMeIn has completed its previously disclosed merger with Citrix Systems, Inc.’s GetGo, Inc. subsidiary, a wholly owned subsidiary consisting of Citrix’s GoTo family of service offerings. The merger officially closed after market hours on January 31, 2017. Effected through a Reverse Morris Trust transaction, the merger brings together two of the preeminent players in cloud connectivity to instantly create one of the world’s top 10 public SaaS companies, and a market leader with the scale, resou...
Feb. 27, 2017 05:00 PM EST Reads: 296
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of patie...
Feb. 27, 2017 04:45 PM EST Reads: 1,425
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Feb. 27, 2017 04:45 PM EST Reads: 1,760
Feb. 27, 2017 03:30 PM EST Reads: 493
Feb. 27, 2017 03:30 PM EST Reads: 2,277
Feb. 27, 2017 03:15 PM EST Reads: 258
Feb. 27, 2017 02:45 PM EST Reads: 2,596
Feb. 27, 2017 02:30 PM EST Reads: 1,932
Feb. 27, 2017 02:30 PM EST Reads: 2,309
Feb. 27, 2017 02:00 PM EST Reads: 4,212
Feb. 27, 2017 01:45 PM EST Reads: 2,517
Feb. 27, 2017 01:45 PM EST Reads: 1,762
Feb. 27, 2017 01:30 PM EST Reads: 2,052
Feb. 27, 2017 01:15 PM EST Reads: 3,247
Feb. 27, 2017 01:15 PM EST Reads: 6,711