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CWV Cms Webview

0.25
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cms Webview LSE:CWV London Ordinary Share GB0009580027 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.25 GBX

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Date Time Title Posts
19/2/201813:12Crown Point Ventures (Canada) - Moderated171
25/7/201009:44CMS Webview3,420
28/6/200718:11CMS Webview with Charts & News2
24/4/200716:02CMS Webview (CWV) my next tip5,501
14/4/200621:46Come over to CMS webview to recover your losses4

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Posted at 16/1/2018 13:58 by mystery_machine
Up 40% since 12th Jan update:

TSX-V: CWV: Crown Point Energy Inc. (“Crown Point” or the “Company”;) today provided an update of its SM x-1001 discovery well in Tierra del Fuego (net working interest 25.78%).

As previously reported, the well was shut in at the end of September to install recorders and production facilities. Long term production testing from the upper Tobífera formation began on October 10 and between October 10 and December 31, 2017, the well produced a total of 18,268 cubic meters (114,905 barrels) of 35 API gravity oil (gross), at an average rate of 220 m3/d (1,384 bpd) of oil (gross), through a series of choke sizes ranging between 8 and 14 mm. No water was reported produced during this test period.

During December, the well was shut-in for three days to record bottom hole pressures and over the remainder of the month produced a total of 7,920 m3 (49,820 barrels) of 35 API gravity oil (gross) at an average flow rate of 283 m3/d (1,780 bopd) (73 m3/d net; 460 bopd net) through a 14 mm choke at a flowing well head pressure of 31.6 kg/cm2 (465 psi). During this same period, the well produced a total of 466,228 cubic meters (16,464 Mcf) of associated natural gas (gross), at an average rate of 16,651 cubic meters (588 Mcf) of associated natural gas per day (gross), which is little changed since the well was placed on extended test.

Produced oil is being trucked to facilities at Cruz del Sur and San Sebastian for storage and sale. On January 10, 2018, the Company sold 4,878 net cubic metres (30,680 net barrels) of oil held in its storage facilities on Tierra del Fuego at a price of US$60 per barrel. Natural gas production is currently being flared and the Company and its partners are evaluating conservation options.

The Company and its joint venture partners are planning to drill one firm appraisal well on the San Martin structure during the first half of 2018 plus one additional well, contingent on the results of the appraisal drilling.
Posted at 03/5/2017 11:45 by glitter2
Share price is doing better, can someone tell me why? (For me this is a left-over from Antrim and I don't follow it, sorry!)Guessing at improved Argentinian attitude?
Posted at 08/10/2016 23:44 by dougdig
From company website:-
Crown Point Advises that Rights Offering will not Proceed and Provides Regulatory and Corporate Update
TSX-V: CWV: Crown Point Energy Inc. (“Crown Point” or the “Company“;) announces that the minimum subscription condition with respect to its previously announced rights offering which expired at 5:00 p.m. (EDT) on September 23, 2016 (the “Rights Offering“) was not met. The Rights Offering required a minimum of 130,000,000 common shares (the “Minimum Amount“) of Crown Point to be subscribed for on exercise of the rights distributed to shareholders in connection with the Rights Offering. As such, in accordance with the terms of the Rights Offering, the Rights Offering will not be completed and all funds delivered to the subscription agent in connection with the Rights Offering will be returned to subscribers.
As disclosed in Crown Point’s rights offering circular and related materials, Liminar Energía S.A. (“Liminar̶0;), the Company’s largest shareholder, had indicated its intention to participate in the Rights Offering for at least the Minimum Amount. However, the Company has been advised by Liminar that it has determined to defer any decision to make further investments in the Company until ongoing regulatory hearings affecting participants in the oil and gas industry in Argentina are complete and the impact of such hearings on the Company can be evaluated.
In particular, as previously disclosed by the Company, in March, June and July of 2016 the Ministry of Energy and Mines (the “Ministry̶0;) issued Resolutions providing for increases in natural gas prices, which were expected to increase prices set in the comparative period by up to 400% for residential users and up to 500% for small and medium-sized companies. The Ministry had also announced proposed increases to electricity prices. However, a recent ruling by the Supreme Court of Argentina suspended the natural gas and electricity price increases pending the outcome of public hearings across Argentina. The public hearings regarding the proposed increase in natural gas prices for residential and small and medium-sized companies were held between September 16 and September 18. During the hearings the Ministry proposed average natural gas price increases of 200%. The public hearings regarding the proposed increase in electricity prices are expected to be held in the next 30 days. It is anticipated that price increases will be finalized in November 2016. The Company cannot predict what if any price increases will ultimately be approved.
Liminar and the Company are engaged in active discussions regarding the Company’s go-forward business plan. Among other things, the Company is reviewing alternatives to further reduce its general and administrative and other expenses and is evaluating opportunities to grow the Company’s business in Argentina through strategic acquisitions or otherwise. After the Company has advanced these initiatives and the Argentine government has finalized the natural gas and electricity price increases, the Company intends to evaluate its options to obtain the financing required to fund its go-forward business plan. The Company will consider all financing alternatives available to it, including the possibility of conducting another rights offering provided that Liminar provides a contractual commitment to backstop any such offering.
In the interim, the Company, with Liminar’s assistance, is reviewing opportunities to obtain short-term financing in order to fund the Company’s near term financial obligations, including the possibility of obtaining short-term debt financing in Argentina.
For inquiries please contact:
Murray McCartney Marisa Tormakh
President & CEO Vice-President & CFO
Ph: (403) 232-1150 Ph: (403) 232-1150
Crown Point Energy Inc. Crown Point Energy Inc.
Posted at 18/11/2014 09:49 by mystery_machine
Recent rise caused by a 50m share placing at US$0.29 (CDN$0.33) to raise US$15m
Plus new loan of US$1.7m
Posted at 29/5/2014 16:49 by mystery_machine
Results and operational update out
Completion operations on La Hoyada x-1 have started
Posted at 09/5/2014 14:33 by oilretire
CALGARY, ALBERTA--(Marketwired - May 9, 2014) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) is pleased to announce that it and its partners have commenced the drilling of the first well of the planned ten well drilling program on the 25.78% interest Las Violetas Concession in Tierra del Fuego, Argentina. The well is targeting natural gas in the Springhill Formation and has a planned total depth of 2,200 metres. The balance of the planned ten well program will be drilled sequentially.

Crown Point advises that it has secured the services of a completion rig for the 100% interest La Hoyada x-1 exploration well located on its Cerro de Los Leones concession in the Province of Mendoza. Completions operations are expected to commence in the latter part of May. The completion program is targeting heavily fractured igneous intrusives in the Vaca Muerta oil shale formation.
Posted at 08/3/2014 10:16 by josephrobert
March presentation


Bit more info. relating to La Hoyada X-1 drill.

Keep thinking this share has the wrong price - La Hoya results indicate unlocking further drilling, (with less emphasis on La Mocha).

In particular the relationship with it's licence to nearby Llancanelo (p22) has greater emphasis in this presentation - previously I understood the company was drilling for conventional - with a 'free look' at the unconventional - now it seems the reverse is true, and understandably so. Comparison on p33 on Los Cavoas...
Posted at 18/2/2014 21:20 by oilretire
Nice to see some life and decent thoughts/discussions, thanks.

Still holding my AEY inheritance in CWV and will continue to do so......
Posted at 13/2/2014 10:20 by edgein
Pump,

I don't believe you have missed the boat at all. If you read the bullboards there is a post saying that CWV had $65m in assets before this potential oil discovery. that's about 60c per share, around the current share price. This is a material announcement from CWV and its full of hints. Yes its a shale well and it won't give thousands of bbls per day flow rates, but it doesn't need to. YPF have already got their VM shale play up to 16000bopd and they're only getting started. CWV have said in the past if they get production from these two wells to be drilled they'll look towards continuous drilling.

"The La Hoyada x-1 well was drilled to a total depth of 1,953 meters and encountered persistent oil shows and gas while drilling through the Vaca Muerta formation which consisted of 125 meters of shale and 84 meters of imbedded fractured igneous intrusives."

So total oil and gas shows from the VM around 210m, very impressive for a nothern well in this play, its normally the southern gas wells with the huge gas window shale thickness. The natural fractures will do wonders for the permeability and trapped volumes in contrast to the tighter shale.

"Crown Point believes that the presence of the oil shows and background gas demonstrates that the Vaca Muerta formation at Cerro de los Leones is mature and generating oil."

Very significant that they believe that the source rock is mature and generating live oil, the next line reinforces this further:

"Interpretation of samples and logs indicate that 36 meters of the total 84 meters of intrusives were highly fractured and had the best live oil shows during drilling."

So the well has been fully logged and most likely cored and the samples have been sent to lab, the best live oil shows were in the most fractured part of the interbedded fractured rock in shale. Those live oil shows (the best live oil shows, not the only live oil shows) suggests a source rock present.

A very telling line next too:

"Similar igneous intrusives in the Mendoza portion of the Northern Neuquén basin are recognized as significant hydrocarbon reservoirs having produced over 26 million barrels of oil to date from areas surrounding Cerro de los Leones."

"A potential analogy to the La Hoyada well is the Vega del Sol well x-1, located on the Cerro de los Leones Concession 4 Km. to the northwest of La Hoyada. This well was drilled in 1995 by YPF and encountered the Vaca Muerta 150 meters structurally lower than the La Hoyada well. It was completed in intrusive igneous rocks penetrating the Chachao formation and production tested at rates between 300 and 400 barrels of oil per day. Due to problems with the well cementation program it was subsequently suspended and abandoned by YPF."

More hints that they believe this is an oil discovery.

The summary is most telling of all though:

"Crown Point believes that this drilling result is confirmation of the conventional and unconventional potential of the Vaca Muerta formation on Crown Point's 100% interest 314,000 acre Cerro de Los Leones Concession. Crown Point's geological model at Cerro de Los Leones has indicated an area of 350 km2 in the oil generation window."

Now take some time to search for Exxon, Chevron, YPF and Shell in the Vaca Meurta and see what their capital expenditure is on drilling VM wells. Now you'll see that this £33m company (that has production and reserves elsewhere in Argie too) has one of the biggest licences in the oil generating window of the VM shale! These unfracced wells could add 300-400bopd of natural flow, aboviously frac will be neccessary for full potential and sustainable flow.

True the champagne day will come when one of the majors buys out CWV, MVN and AEN. but in the mean time that is some result for a £33m company. We'll see within the next 24 months whether you'll have missed the boat or not. Also I'd imagine that those 10 wells (mostly infill) on the TDF will start soon for these guys too. At 25% or so wi not as influential as the VM stuff, but all the same will add to free cash flow with the new gas pricing in argie.

Regards,
Ed.
Posted at 12/2/2014 15:15 by edgein
Did you see this article on the AEN bb:

hxxp://www.proactiveinvestors.co.uk/companies/news/65691/andes-energia-boosted-by-westhouse-upgrade-65691.html

They value VM shale at $12,000 per acre. Looks impressive for AEN at just over $2bn, defo impressive numbers. Do the same for CWV and it comes to $3.77bn with CWV's acreage.

Regards,
Ed.
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