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M&A / Property

Crown Point Provides Update on Acquisition of El Tordillo, La Tapera & Puesto Quiroga Concessions and Discloses Reserve Information

By The Northwire Desk — AI Analysis Sep 30, 2025 · 12:34 CWV · 0.14 Crown Point Energy Inc.
CWV · Price

Executive Summary

  • Crown Point Energy provided audited reserve estimates for the El Tordillo, La Tapera and Puesto Quiroga concessions as of Dec 31 2024.
  • The company reiterated pending acquisitions of these concessions from Tecpetrol S.A., YPF S.A. and Pampa Energía S.A., with expected closings in early Oct 2025 (Pampa) and later Q4 2025 (Tecpetrol & YPF).
  • Share trading halt imposed on June 5 2025 is slated to be lifted, with shares resuming trade the first week of October 2025.

Key Details

  • Reserve Summary (Net):
  • Proved – Developed Producing: 6,061 Mbbl oil & 224 MMcf gas → 6,098 MBOE
  • Proved – Undeveloped: 5,199 Mbbl oil & 1,053 MMcf gas → 5,375 MBOE
  • Total Net Proven: 11,473 MBOE
  • Probable (Net): 9,736 MBOE

  • Total Net Proved + Probable: 21,207 MBOE

  • Net Present Value of Future Net Revenue (After Tax, Discounted at 10%):

  • Total Proven: ‑8.5 MMUS$ (negative due to development costs)
  • Total Probable: 51.1 MMUS$

  • Combined Proven + Probable: 42.6 MMUS$

  • Pricing Assumptions Used by Gcea (Forecast Prices & Costs):

  • Crude Oil $66.60/bbl in 2025, gradually ~ $65.70‑$65.80 through 2038.

  • Natural Gas $5.64/Mcf in 2025, decreasing to $3.99/Mcf from 2029 onward (reflecting end of Argentina’s Gas Plan incentives).

  • Acquisition Timeline & Conditions:

  • Pampa Energía assets – expected close early Oct 2025.
  • Tecpetrol & YPF assets – expected close later Q4 2025.

  • Closures contingent on regulatory approvals (Provincial, TSXV) and financing arrangements.

  • Share Trading Halt:

  • Halted on June 5 2025 pending documentation to TSXV.

  • TSXV indicated halt will be lifted; trading to resume first week of Oct 2025.

  • Financing Needs:

  • Company is arranging financing to fund purchase price for the acquisitions (amount not disclosed).

Notable Quotes

“We remain confident that the acquisitions will enhance our reserve base and support long‑term growth, subject to successful completion of regulatory approvals and financing.” – Marisa Tormakh, Vice‑President, Finance & CFO.

Read the original news release →

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