Crown Point Energy Inc V.CWV

Alternate Symbol(s): CWVLF

Energy Oil & Gas E&P

Crown Point Energy Inc. is a Canada-based junior international oil and gas company. The Company is involved in the exploration for, and development and production of petroleum and natural gas in Argentina. The Company’s projects include Cerro de Los Leones, Tierra del Fuego and Chanares Herrados. It has a 100% working interest in the 101,208-acre Cerro de Los Leones Exploration Concession located in the Neuquen Basin. It has a 34.74% non-operating working interest in the Rio Cullen, La Angostura, and Las Violetas Exploitation Concessions in the Austral Basin of Tierra del Fuego, representing a total of 489,000 gross acres (169,880 net acres). It has a 50% non-operating working interest in the Chanares Herrados Exploitation Concession in the Cuyano Basin, representing a total of 10,057 gross acres (5,029 net acres). The Company’s subsidiaries include CanAmericas (Argentina) Energy Ltd. and Crown Point Energia S.A.

TSXV:CWV - Post by User

Crown Point Energy Inc

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Post by STVPon Nov 17, 2011 12:46pm

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Post# 19245402

CWV Netbacks over $50:

With Argentina's Petro Plus program for allowing new production to be sold at higher prices, Crown Point is going to have Netbacks over $50, see page 12 of their Oct/Nov presentation. Considering the increase to production CWV is expecting from next year and beyond, selling those gas at higher prices to give them an overall netback of more than $50 per boe is great news for CWV going forwards.

Try finding an Alberta company that gets you a netback of more than $50 per boe.

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This junior mining stock offers billions in market exposure