Crown Point Acquires Additional Interest in El Tordillo, La Tapera and Puesto Quiroga Hydrocarbon Exploitation Concessions in Chubut, Argentina

Executive Summary

• Crown Point Energy’s subsidiary closed the acquisition of a 59.32947% interest in the El Tordillo, La Tapera and Puesto Quiroga hydrocarbon concessions (the “Chubut Concessions”), bringing total ownership to ~95%.
• The transaction was funded with US$57.9 million cash (including a US$30 million loan from Liminar Energía) plus up‑to‑US$3.5 million contingent consideration payable to Pampa.
• The 95% interest produced an average of ~5,020 boe/day during the nine months ended Sep 30 2025 (≈4,500 bbl/d oil and 3,130 mcf/d gas).

Key Details

• Acquisition Scope: 59.32947% interest in the Chubut Concessions from Tecpetrol S.A. and YPF S.A.; combined with prior 35.6706% acquisition from Pampa Energía S.A., resulting in ~95% total ownership of 113,325 acres.
• Cash Consideration: Approximately US$57.9 million paid after closing adjustments.
• Financing Structure: Included a US$30.0 million loan (“Loan”) from Liminar Energía S.A., Crown Point’s largest shareholder.
• Contingent Consideration: Up to US$3.5 million payable to Pampa following closing, subject to post‑closing adjustments and performance metrics.
• Production Performance (9‑month period ended Sep 30 2025):
• Average net production: ~5,020 boe/day
• Oil: ≈4,500 bbl/d of light/medium crude
• Natural gas: ≈3,130 mcf/d
• Related Prior Announcements: Refer to press releases dated June 9, Sep 30, Oct 1 and Nov 11 2025 for additional details on the acquisitions and loan.

Notable Quotes

(No direct quotes were provided in the release.)