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 exploration and development company. The Company’s exploration and development activities are focused in three producing basins in Argentina, the Austral basin in the province of Tierra del Fuego, and the Neuquen and Cuyano basins in the province of Mendoza. The Company’s projects include Cerro de Los Leones, Tierra del Fuego, and Chanares Herrados. The Company 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-operated 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). The Company has a 50% non-operated working interest in the Chanares Herrados Exploitation Concession in the Cuyano Basin representing a total of 10,057 gross acres (5,029 net acres).

TSXV:CWV - Post by User

Crown Point Energy Inc

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Comment by repairguyon Aug 25, 2006 12:40am

91 Views

Post# 11271134

RE: News... its good...

Great news and if remaining 6 wells produce similar results CWV will have annualized cash flow of 60 cents per share. There lies the problem...... this venture exchange doesn't understand a company making profits, positive cash flow. No, what it likes is pie in the sky, one in a million long shots. CWV is on the wrong exchange!! Monthly cash flow now approaching $400,000 and a market value of $6.7mm go figure! Now, take HAO, it has gross income of $4731 for 3 months and a market cap of $24 mm. Fits the venture exchange moron club perfectly.

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