Crown Point Energy’s Q4 Financials Show Varied Results

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

Crown Point Energy Inc. reported a mixed financial performance for Q4 2023, with a decrease in oil and natural gas sales revenue to $5.5 million and a net loss of $2.1 million, despite an increase in operating cash flow to $2.1 million. The company also engaged in significant financial activities, including obtaining and repaying loans and issuing new Series IV Notes. Looking ahead, Crown Point has continued to manage its debt, repaying portions of its loans post the end of the fiscal year.

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