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Crown Point Announces Reserve Information for the Year Ended December 31, 2024

BUENOS AIRES, Argentina and CALGARY, Alberta, March 11, 2025 (GLOBE NEWSWIRE) — TSX-V: CWV: Crown Point Energy Inc. (“Crown Point”, the “Company”, “we” or “our“) today announced certain reserve information for the year ended December 31, 2024. All dollar figures are expressed in United States dollars (“USD” or “US$“) unless otherwise stated, and “MMUS$” means […]



Crown Point Energy Inc. announced reserve information for the year ended December 31, 2024, based on an evaluation by Sproule Associates Limited. The company's proved plus probable (2P) gross reserves increased to 50,517 MBOE, primarily due to the acquisition of a 100% working interest in the Koluel Kaike and Piedra Clavada concessions. The estimated before-tax net present value of the Company’s 2P reserves (discounted at 10%) was $358.9 million. Crude oil accounts for approximately 97% of the Company’s 2P reserves (gross). Pricing assumptions used by Sproule in estimating the reserves data as of December 31, 2024, are provided.

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