Project - El Valle

Other Projects:

Laguna de Piedra

Manitoba

Saskatchewan

OVERVIEW

Production concession in central southern flank of the San Jorge Basin

Discovery well drilled in 1959 by YPF (now Repsol-YPF)

Currently producing form the Cañadon Seco and Caleta Oliva formations (~1,000 – 1,100m)

Multizone – Multiplay potential as already proven in nearby concessions

Crown Point will receive 50% of all incremental production from signing date of April 17, 2008

Work Commitment consists of completing a 3D seismic program and the drilling of 3 exploration wells

Access to existing pipelines and facilities within the block

Stable Political Environment
Large Provincially Controlled Concessions
Good Exploration Opportunities
Opportunities to Reactivate Previously suspended / abandoned wells
Low Operating Costs in comparison to Canada
Substantial movement within exploration/exploitation concessions within numerous provinces

OPERATIONS

Crown Point Oil & Gas S.A. is a subsidiary of Crown Point Ventures Ltd and operates the company within Argentina.

Heading up the operation is Mr. Mateo Turic. Mr. Turic has been working in the oil and gas industry both in Argentina and internationally for over 35 years. His experience includes 12 years as exploration manager for the Argentine national oil company, YPF (now RepsolYPF). His experience and knowledge of the Argentine industry is proving invaluable as the company moves forward.

The team is currently evaluating opportunities in Argentina including Farm Ins, Joint Venture Arrangements along with Direct Bids on provincially controlled oil and gas fields.

The Argentine company is financially supported by the Canadian operations and has access to the capital markets of Europe and Nth America.

ARGENTINA offers attractive prospects for junior oil and gas exploration/production companies. It is an exciting time to be operating in the area and we look forward to our success in the region.

GALLERY


Drilling EVx-20	Director Martin Walter reviewing El Valle Facilities	El Valle sunset


First Oil in Argentina	EVx-19 Completion	Delivering EVx-21 Oil

ENVIRONMENT

Crown Point Ventures Ltd. is committed to working with the local community to ensure that both Argentine and International environmental standards are adhered to throughout oil recovery process.

Disclaimer Contact Us