Exploration & Production
Crown Point Announces the Casing of its Third El Valle Well
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Cerro Los Leones - Neuquén Basin
The company has received environment approval for this 100% owned exploration concession. With the receipt of this approval the company is expecting to commence the shooting of our planned 3-D and 2-D programs early in July of 2012. Drilling on various high impact conventional plays and the unconventional Vaca Muerta shale is expected to commence in the second half of 2012 following interpretation and processing of the seismic data.
Initially, Crown Point plans to kick-off a two to four well drilling program targeting the Vaca Muerta formation on the western area of the concession and then drill an additional two to four vertical wells targeting the Loncoche, Neuquén group, and Huitrin formation resource type plays located on the eastern area of the…
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