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Crown Point Energy Inc V.CWV

Alternate Symbol(s):  CWVLF

Crown Point Energy Inc. is an international oil and gas exploration and development company. Its exploration and development activities are focused in four producing basins in Argentina, the Austral basin in the province of Tierra del Fuego, the Neuquen and Cuyano basins in the province of Mendoza and the Golfo San Jorge basin in the province of Santa Cruz. 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-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. It 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. It has interest in the Piedra Clavada and Koluel Kaike hydrocarbon exploitation concessions. The Santa Cruz Concessions are in the Santa Cruz Province.


TSXV:CWV - Post by User

Bullboard Posts
Comment by STVPon Nov 29, 2011 11:20am
102 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.

 

Bullboard Posts