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Crown Point Energy Testing Springhill Formation

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Crown Point Energy Testing Springhill Formation

Crown Point Energy Inc. has announced its operating and financial results for the three months ended March 31, 2016.

All dollar figures are expressed in United States dollars (USD) unless otherwise stated, and M$ means thousands of USD.

The Argentine government has also reached agreements with hold-out creditors who had refused to restructure certain of Argentina's bond debt after Argentina defaulted on the debt in 2001.

Operational Update

Tierra del Fuego Concession

Drilling Program

During 2014 and 2015 Crown Point and its partners drilled 13 new wells, of which eight wells are on production, three wells have been suspended pending further study, one well has been included in the 2016 capital planning program for a remedial completion workover, and one well is awaiting completion at a…
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