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).

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Crown Point Energy Inc

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Post by repairguyon Dec 20, 2006 2:08am

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Post# 11896356

Developments

Spoke with Hal Kettleson recently. Seems that Argentina is a go. There is another financing in the works for $2mm so they will have $3.5mm in the bank. They are drilling one well now in Manitoba and plan to have a total of 5 drilled by Jan/Feb. This should bring monthly income to $350/400m. 1st quarter due out by month end. Volume still light but we could see share price move up close to $1 with positive news etc. I know they do a great job in keeping their admin costs down but a few bucks spent on PR would do wonders for this co !!

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