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Crown Point Ventures Ltd., “the Company”, is pleased to announce the signing of a participation
agreement to drill the previously announced North Cleveland Prospect in Liberty County, Texas
(north of Huston).
The Company has paid 8% ($150,000 CDN) of the 3-D seismic, drilling and testing costs to earn
a 6% working interest. The well will test the Wilcox 7 Sands Formation at an approximate
subsurface depth of 11,000 feet. The well is scheduled to spud August 1st.
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