Crew Energy Inc.

12:03 PM EST - Crew Energy Inc. : Has entered into a purchase and sale agreement with a third party midstream company for the disposition of a 22% net working interest in each of its Septimus gas processing facility and West Septimus gas processing facility located in Northeast British Columbia for aggregate consideration of $70.0 million In conjunction with completion of the Transaction, Crew and the Purchaser will form a strategic alliance to participate collaboratively in future value creation opportunities. Separately, Crew has exercised its option to acquire an approximate 16% net interest in the NEBC Facilities for $11.7 million. Crew Energy Inc. shares T.CR are trading up $0.04 at $0.52.