Crown Point Energy (TSE:CWV) has released an update.
Crown Point Energy has successfully acquired a 100% operating interest in the Piedra Clavada and Koluel Kaike hydrocarbon concessions in Santa Cruz, Argentina. The acquisition, valued at $12 million, is aimed at enhancing Crown Point’s production capabilities with existing infrastructure to handle increased volumes. The company funded this strategic purchase through cash resources, operating cash flows, and recent debt financing.
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