Razor Energy Corp. Provides Update and Production Impact

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CALGARY, Alberta, Dec. 27, 2023 (GLOBE NEWSWIRE) —  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 24^th, 2023, a significant portion of Razor’s production has been shut-in indefinitely.

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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.

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READER ADVISORIES

FORWARD-LOOKING STATEMENTS: This press release contains certain statements that may be deemed to be forward-looking statements. Such statements relate to possible future events, including, but not limited to, the resolution of disputes with the operator of the Judy Creek Gas Plant. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “estimate”, “potential”, “will”, “should”, “continue”, “may”, “objective” and similar expressions. The…