Crown Point Energy Inc. is pleased to announce that its board of directors has approved the adoption of a quarterly cash dividend program of US$0.01 per common share per quarter. In this regard, the board of directors has declared the Company’s first quarterly cash dividend on the common shares of US$0.01 per share for the second quarter of 2019. The dividend will be paid on July 15, 2019 to shareholders of record [...]
TSX-V: CWV: Crown Point Energy Inc. today announced its operating and financial results for the three months ended March 31, 2019. Copies of the Company’s unaudited condensed interim consolidated financial statements and management’s discussion and analysis filings for the three months ended March 31, 2019 are being filed with Canadian securities regulatory authorities and will be made available under the [...]
Crown Point Energy Inc. is pleased to announce that its wholly-owned subsidiary, St. Patrick Oil & Gas S.A. , has completed the sale to its joint venture partners of a 16.8251% participating interest in the Rio Cullen, Las Violetas and La Angostura hydrocarbon exploitation concessions located in the Tierra del Fuego region of the Austral basin in southern Argentina . As a result of the Disposition, Crown Point's [...]
Crown Point Energy Inc. is pleased to announce that its wholly-owned subsidiary, St. Patrick Oil & Gas S.A. , has entered into an agreement with its partners to sell a portion of its participating interest in the Rio Cullen, Las Violetas and La Angostura hydrocarbon exploitation concessions located in the Tierra del Fuego region of the Austral basin in southern Argentina . Background In June 2018, Crown Point acquired St [...]
TSX-V: CWV: Crown Point Energy Inc. announces that the board of directors of the Company has granted, pursuant to the Company's stock option plan, 2,175,000 options to directors and officers of the Company and its subsidiaries. Each option entitles the holder thereof to purchase one common share of the Company at an exercise price of C$0.75 per common share, and is exercisable for a period of five years from the date of [...]
TSX-V: CWV: Crown Point Energy Inc. today announced its operating and financial results for the three months and year ended December 31, 2018. Copies of the Company’s audited consolidated financial statements and management’s discussion and analysis filings for the year ended December 31, 2018 are being filed with Canadian securities regulatory authorities and will be made available under the Company’s [...]
: Crown Point Energy Inc. today announced certain reserve information for the year ended December 31, 2018. All dollar figures are expressed in United States dollars unless otherwise stated, and "MMUS$" means millions of USD. Gaffney, Cline & Associates Inc. , an independent qualified reserves auditor, audited the oil and natural gas reserves attributable to all of Crown Point’s properties as at December 31, 2018 [...]
Crown Point Energy Inc. is pleased to provide an update regarding its acquisition of St. Patrick Oil & Gas S.A. . In June 2018, Crown Point acquired all of the securities of SPOG from a third party for US$28.4 million of cash consideration plus up to US$9 million of contingent royalty payments. In addition, Crown Point paid US$4.4 million of withholding taxes to Argentine tax authorities pursuant to the provisions of the [...]
Crown Point Energy Inc. announces that it has taken steps to implement the decision of the arbitration tribunal formed to consider the claims made by Roch S.A. in respect of Crown Point's acquisition of St. Patrick Oil & Gas S.A. . In June 2018, Crown Point acquired all of the issued and outstanding shares of the Company from a third party for US$28.4 million of cash consideration plus applicable taxes plus up to US$9 [...]
Crown Point Energy Inc. announces that a decision has been released by the arbitration tribunal formed to consider the claims made by Roch S.A. in respect of the Company's acquisition of Apco Austral S.A. . Background Regarding Acquisition of Apco Austral and Related Litigation and Arbitration On June 7, 2018, the Company closed the acquisition of all of the issued and outstanding shares of Apco Austral from Pluspetrol [...]
: Crown Point Energy Inc. today announced its operating and financial results for the three and nine months ended September 30, 2018. Copies of the Company’s unaudited condensed interim consolidated financial statements and management’s discussion and analysis filings for the three and nine months ended September 30, 2018 are being filed with Canadian securities regulatory authorities and will be made [...]
: Crown Point Energy Inc. today provided an operations update on its activities in Tierra del Fuego. As previously reported in our August 29, 2018 press release, two appraisal wells have been drilled on the San Martin structure located on the Company's La Angostura concession . During the first 45 days of production, SM a-1002 produced a total of 13,873 cubic meters of 35° API light oil or an average of 308 cubic [...]
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