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Crown Point Energy Expands in Argentina with Key Acquisition

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Crown Point Energy Expands in Argentina with Key Acquisition

Crown Point Energy (TSE:CWV) has released an update.

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Crown Point Energy has successfully acquired a 100% operating interest in the Piedra Clavada and Koluel Kaike hydrocarbon concessions in Santa Cruz, Argentina. The acquisition, valued at $12 million, is aimed at enhancing Crown Point’s production capabilities with existing infrastructure to handle increased volumes. The company funded this strategic purchase through cash resources, operating cash flows, and recent debt financing.

For further insights into TSE:CWV stock, check out TipRanks’ Stock Analysis page.

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