CALGARY,
AB, May 29, 2023 /PRNewswire/ - Crescent Point
Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE:
CPG) is pleased to advise that over the past week it has brought
back on stream the full 45,000 boe/d of Kaybob Duvernay production
previously shut-in due to the Alberta wildfires. No damage has occurred to
the Company's assets.
Crescent Point's 2023 guidance remains unchanged, including
annual average production of 160,000 to 166,000 boe/d, despite the
impact of the wildfires during second quarter.
The Company continues to monitor the wildfire situation closely
and will manage potential future temporary shut-ins as required
with industry partners and local authorities to ensure the safety
and security of its workers and assets.
Crescent Point would like to thank its staff, emergency
responders and firefighters for their hard work and ongoing
dedication to protecting our communities. The Company and its staff
are actively supporting those directly impacted by the wildfires
and continue to work with local communities during this time of
need.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Shant
Madian, Vice President, Capital Markets, or
Sarfraz Somani, Manager,
Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG.
Forward-Looking
Statements
Any "financial outlook" or "future oriented financial
information" in this press release, as defined by applicable
securities legislation has been approved by management of Crescent
Point. Such financial outlook or future oriented financial
information is provided for the purpose of providing information
about management's current expectations and plans relating to the
future. Readers are cautioned that reliance on such information may
not be appropriate for other purposes.
Certain statements contained in this press release constitute
"forward-looking statements" within the meaning of section 27A of
the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and "forward-looking information" for the
purposes of Canadian securities regulation (collectively,
"forward-looking statements"). In particular, this press release
contains forward-looking statements pertaining, among other things,
to the following: the Company's 2023 guidance remaining unchanged,
including annual average production guidance of 160,000 to 166,000
boe/d and the Company's plans to continue to monitor and manage the
wildfire situation in Alberta.
All forward-looking statements are based on Crescent Point's
beliefs and assumptions based on information available at the time
the assumption was made. Crescent Point believes that the
expectations reflected in these forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included in this report should not be unduly relied upon. By their
nature, such forward-looking statements are subject to a number of
risks, uncertainties and assumptions, which could cause actual
results or other expectations to differ materially from those
anticipated, expressed or implied by such statements, including
those material risks and assumptions included in Crescent Point's
reports on file with Canadian and U.S. securities regulatory
authorities. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed herein or otherwise. Crescent Point undertakes no
obligation to update publicly or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless required to do so pursuant to applicable law.
All subsequent forward-looking statements, whether written or oral,
attributable to Crescent Point or persons acting on the Company's
behalf are expressly qualified in their entirety by these
cautionary statements.
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SOURCE Crescent Point Energy Corp.
