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Crown Point Energy Inc V.CWV

Alternate Symbol(s):  CWVLF

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

Bullboard Posts
Comment by STVPon Nov 29, 2011 11:20am
101 Views
Post# 19274561

RE: RE: RE: RE: oilandgas111

RE: RE: RE: RE: oilandgas111

just looking to buy more as low as possible if I can. Some that don't see the potential of CWV and their low risk profile to increase production may be tempted to sell with yesterday`s announcement. If they do sell for tax loss purposes and send the stock into the 80s, I will be doubling my position. However, I doubt it will get that low as Casimir and Canaccord are buying, these are two of the houses that have a $3 target on the stock. It will probably stay around the 95 cent mark until december 15th so I`ll be patient until closer to that date to see if any weak hands dump shares for tax loss purposes, if not I`ll buy more around the 95 cents to $1 mark closer to Dec 15th.  Again, 30 to 40 wells drilling in 2012, think about how big a program that is for such a small company and they will be fully financed -- I have to buy more before the PP closes on Dec 15th.

 

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