Crown Point Energy (TSE:CWV) has released an update.
Crown Point Energy Inc. has bolstered its stake in the Tierra del Fuego hydrocarbon exploitation concessions in Argentina by acquiring an additional 16.9972% interest, raising its total participation to 51.7321%. This strategic move enhances the company’s production and reserve numbers, solidifying its infrastructure for processing and transporting gas. The acquisition marks a significant consolidation of Crown Point’s position in a key gas-weighted asset region.
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