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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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Post by maramos98on Nov 04, 2016 8:32pm
317 Views
Post# 25426967

Argentina Gas Price Increase

Argentina Gas Price IncreaseThe rights offering failed due to largest sharholder backing out due to uncertainty regarding gas price increase.  less than two weeks after the company annouced that they were not moving forward with the rights offering the Argentina government confirmed a price increase of 300%-400%.

This is great news for CWV and all other argentina producers.

https://www.reuters.com/article/argentina-utilities-idUSL2N1CD0LY


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