RE: RE: RE: No I never missed anything....indeed, cpg buying a million acres in the area bodes very well for Bowood. That some very substantial companies are buying more or less adjacent land to ours is a pretty strong indicators of what's ahead..
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CRESCENT POINT ENERGY ANNOUNCES STRATEGIC LAND
ACQUISITIONS, INCREASE IN 2010 GUIDANCE AND A $375 MILLION
BOUGHT DEAL FINANCING
September 20, 2010 CALGARY, ALBERTA. Crescent Point Energy Corp. (“Crescent Point” or the “Company”)
(TSX: CPG) is pleased to announce that it has acquired more than one million net acres of exploratory land in
southern Alberta that the Company believes is prospective for multi-zone light oil opportunities, including the
unconventional Bakken and Three Forks zones. The land was acquired through Crown land sales, freehold
leasing programs and the acquisition of a private company (the “Private Co. Acquisition”). In addition, Crescent
Point has acquired more than 100 net sections of undeveloped land in Saskatchewan, including 60 net sections in
the Company’s core Viewfield Bakken and Lower Shaunavon resource plays through Crown land sales in the last
several months. Crescent Point has already licensed and drilled wells on the Saskatchewan land and expects to
book reserves on this land at year-end 2010.