January 10, 2014 12:48 ET
CALGARY, ALBERA--(Marketwired - Jan. 10, 2014) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") is pleased to announce that it has commenced drilling operations on a 1,800 to 2,000 meter (subsurface) exploration well located in the southern portion of the 100% owned Cerro de Los Leones Concession in the Province of Mendoza, Argentina.
This 100% interest well, La Hoyada x-1 is being drilled to test the La Hoyada structure which is the western of two separate structures identified on the recently shot 3-D seismic program. The well is targeting multiple conventional formations on the same structural trend which is productive on the adjacent concession to the south of the Cerro de Los Leones Concession.
About Crown Point
Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Calgary, Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point's exploration and development activities are focused in the, Neuquén, Austral and Golfo San Jorge basins in Argentina. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Crown Point Energy Inc.Murray McCartneyPresident & CEO(403) firstname.lastname@example.orgCrown Point Energy Inc.Arthur J.G. MaddenVice-President & CFO(403) email@example.comCrown Point Energy Inc.Brian J. MossExecutive Vice-President & COO(403) firstname.lastname@example.org
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