BRIEF-Crew Energy Announces Strategic Transaction With Tourmaline Oil Corp.

Reuters08-12

Aug 12 (Reuters) - Crew Energy Inc :

* CREW ENERGY INC. ANNOUNCES STRATEGIC TRANSACTION WITH TOURMALINE OIL CORP.

* CREW ENERGY INC - HOLDERS OF CREW SHARES WILL RECEIVE 0.114802 OF A TOURMALINE SHARE IN EXCHANGE FOR EACH ONE CREW SHARE HELD

* CREW ENERGY INC - PROPOSED DEAL FOR $1.3 BILLION

* CREW ENERGY INC - PROPOSED DEAL FOR APPROXIMATELY $6.69 PER CREW SHARE

Source text for Eikon: Further company coverage:

(Reuters.Briefs@thomsonreuters.com)

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