Crew Energy Announces Q2 2023 Results Highlighted by A 42% Reduction in Net Debt Over Q1/23 and An Adjusted Funds Flow Margin of 89%

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX:CR; OTCQB:CWEGF) (“Crew” or the “Company”), a growth-oriented, liquids rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2023. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on our website and filed on SEDAR at www.sedar.com.

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