Razor Energy Corp. ("Razor”) (TSXV: RZE) advises that, as a result of financial disputes with the operator of the Judy Creek Gas Plant, the operator has restricted access and has ceased processing Razor’s Swan Hills natural gas production. Effective December 24th, 2023, a significant portion of Razor’s production has been shut-in indefinitely.
At this time management estimates approximately 1,110 boepd, including 626 bblpd of light oil and 387 bblpd of natural gas liquids, has been curtailed. Razor continues to look at various commercial and legal options to remedy this situation and restore production.
Razor anticipates that it will make further public comment when it determines that additional disclosure is required by law or is otherwise deemed appropriate.
