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CALGARY, Alberta, May 17, 2023 (GLOBE NEWSWIRE) -- Razor Energy Corp. ("Razor") (TSXV: RZE) advises that, as a result of recent developments in the status of the Alberta wildfires, it has shut-in its operated and non-operated production in Kaybob and Swan Hills. The production impact is approximately 2,500 boe/d between the two areas. At this time it is unknown when this production will resume. Razor is not aware of any significant damage to the Company's assets.
Razor continues to work with local officials, regulators, and industry partners to ensure everyone's safety in the area. The Company will provide another update to this evolving situation when appropriate.
Razor thanks its staff, industry partners, emergency responders and firefighters for their hard work and dedication to protecting our communities.
For additional information please contact:
| Doug Bailey | Kevin Braun | |
| President and Chief Executive Officer Razor Energy Corp Executive Director FutEra Power Corp | Chief Financial Officer Razor Energy Corp | |
| Razor Energy Corp 800, 500-5th Ave SW Calgary, Alberta T2P 3L5 Telephone: (403) 262-0242 |
