Crew Energy closes Princess, Alberta asset disposition (Scandinavian Oil-Gas Magazine)

Crew Energy closes Princess, Alberta asset disposition

Published Oct 2, 2014

Crew Energy Inc. has closed its previously announced disposition of its petroleum and natural gas assets in the Princess area of Southeast Alberta, with an effective date of August 1, 2014 (the "Princess Disposition").

Consideration for the Princess Disposition totaled approximately $150 million in cash, before closing adjustments, which provides Crew with an additional and non-dilutive source of funding to continue the acceleration of its five year Montney growth plan.

Tags: Crew Energy Inc.

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