Project - Laguna de Piedra

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OVERVIEW

Exploratory Block on the south eastern margin of the Neuquén basin

No wells drilled to date

Block Size: 1,020km2

Seismic data: 140km 2D

Shallow target depths (500m – 2,200m)

Proximity to Producing Fields to north

Potential Target zones in Lower Cretaceous – Jurassic formations.

Multizone – Multiplay potential to be analyzed following acquisition of 250km2 of 3D seismic data in January 2008

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.

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.

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