Crew Energy Announces Q1 2023 Results Highlighted by 16% Higher Condensate Production Driving Record AFF Margins of 74%, Leading to Continued Net Debt Reduction

CALGARY, Alberta, May 08, 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 month period ended March 31, 2023. Crew’s audited consolidated Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on Crew’s website and filed on SEDAR at www.sedar.com.

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