Crown Point Energy Inc. (CWVLF)
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Crown Point Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Gabriel Dario Obrador CEO | OTC PINK Exchange | CA2284622065 ISIN |
| Canada Country | - Employees | 10 Dec 2019 Last Dividend | 10 Dec 2019 Last Split | - IPO Date |
Overview
Crown Point Energy Inc., operational since 1966 and headquartered in Calgary, Canada, positions itself as a significant player in the exploration, development, and production of petroleum and natural gas properties primarily within Argentina. Originally established as Crown Point Ventures Ltd., the company underwent a rebranding to Crown Point Energy Inc. in July 2012, marking a new chapter in its operational journey. Its portfolio includes a strategic focus on the Neuquén Basin, the Cuyano Basin, and the expansive regions of Tierra del Fuego. Crown Point Energy Inc. is a subsidiary of Liminar Energia S.A., which highlights its connected strength and support within the energy sector.
Products and Services
Crown Point Energy Inc. offers a focused range of exploration and production services within the energy sector, particularly targeting petroleum and natural gas. These services are provided through several key concessions in Argentina:
- Cerro de Los Leones exploration concession: Crown Point Energy holds a 100% working interest in this significant concession, located in the Neuquén Basin. The area spans 101,208 acres and is central to the company’s exploration activities, representing a critical component of their portfolio where they leverage advanced exploration technologies to uncover and exploit energy resources.
- Rio Cullen, La Angostura, and Las Violetas exploitation concessions: With a 34.74% non-operated working interest, these concessions cover a combined area of 489,000 gross acres in Tierra del Fuego. Here, Crown Point Energy focuses on the exploitation of petroleum and natural gas, working in collaboration with other operators to optimize production and ensure sustainable energy extraction practices.
- Chañares Herrados exploitation concession: This concession sees Crown Point Energy holding a 50% non-operated working interest. Located in the Cuyano Basin, it spans 10,057 gross acres. The collaboration with other stakeholders in this concession aims to tap into the extensive energy reserves, maximizing output and contributing significantly to the company’s portfolio and the energy market.
