Crown Point Energy Inc. (CWV-TSXV) is a junior international Oil and Gas Company with a strong cash flow, production and opportunity base in the three largest producing basins in Argentina. Growth is through low risk natural gas and oil development drilling combined with some highly focussed high reward exploration. Crown Point is a natural gas weighted company and is leveraged to benefit from the increasing natural gas prices in Argentina.
The shares of Crown Point trade on the TSX Venture Exchange under the symbol "CWV".
Crown Point is focussed on growing and developing its strong production and cash flow base, principally through low risk drilling combined with some highly focussed high reward exploration.
Crown Point has natural gas and oil production from two areas in Argentina, the Austral Basin in the Province of Tierra del Fuego and in the Golfo San Jorge Basin in the Province of Santa Cruz.
Crown Point's Tierra del Fuego assets are world class natural gas producing assets with significant development and exploration growth opportunities. Cerro de Los Leones in the Neuquén Basin is being developed to pursue large upside conventional oil and gas and non-conventional Vaca Muerta oil shale exploration opportunities.
The Golfo San Jorge Basin assets are low risk oil production and development opportunities.
The company is headquartered in Calgary, Alberta and is led by Murray D. McCartney, Arthur Madden and Dr. Brian Moss. Mr. McCartney and Mr. Madden are formerly the CEO and CFO respectively of both Cavell Energy Inc. and Adamant Energy Inc., Dr. Moss has had 19 years of experience in Latin America and was previously Executive Vice-President Latin America with Antrim Energy Inc. The Argentine subsidiary is led by Mateo Turic, with 35 year of production and development history in Argentina and elsewhere in Latin America, having been the former director of exploration and development for YPF.