Crown Point Energy Inc V.CWV

Alternate Symbol(s): CWVLF

Energy Oil & Gas E&P

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

Crown Point Energy Inc

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Comment by Bigbadoilon Feb 20, 2014 9:22pm

246 Views

Post# 22232750

RE:RE:RE:CWV vs MVN

Ed:

I was not poo-pooing the CWV TDF assets but it is an important and growing asset that will bring cash flow to the table to play the CLL acreage. I would think that the La Hoyada well will bring production pretty quickly from the more conventional type reservoir too!!!!

Yes they have a pretty high success rate in TDF, so with the rising prices and potential for substantial sized new pools (e.g PQX-3), there is alot of upside there. However they only have around 25% WI there compared to the 100% WI at CLL. A 500 BOPD well at La Hoyada therefore is very significant considering corporately they are only doing 1200 BOEPD +..

Bigbadun'

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