We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cms Webview | CWV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.25 |
| Top Posts |
|---|
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” 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 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“ As disclosed in Crown Point’s rights offering circular and related materials, Liminar Energía S.A. (“Liminar̶ In particular, as previously disclosed by the Company, in March, June and July of 2016 the Ministry of Energy and Mines (the “Ministry̶ 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$15mPlus 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--(MarketwireCrown 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 18/2/2014 21:20 by oilretire Nice to see some life and decent thoughts/discussionsStill holding my AEY inheritance in CWV and will continue to do so...... |
Posted at 15/2/2014 11:30 by edgein Joseph,Very true, also worth noting that MVN $216m approx has 107,000 net acres of potential VM, £300m AEN has 170,000 net acres of potential VM, CWV $70m cap has the same net acres as those two companies combined at 314,000 net acres of potential VM! Also on those estimates of conventional field size from the presentations look a little more closely at the current presentation. La Hoyada stats: P10 3.6km square 70m closure, P90 6.2km square 100m closure. If I'm not mistaken we have been told about: "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." I make that 210m "Additional secondary targets in the well include a 5 meter thick fractured limestone layer at the bottom of the Chachao Formation and several fractured igneous intrusives in the Agrio Formation all with oil and gas shows and full gas chromatography." A further 5m and an unquantified amount in the Agrio formations. Not just shows but live oil shows: "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. Analogous wells in the area indicate that the fractured intrusive igneous rocks in the Vaca Muerta could function as a conventional fractured reservoir sourcing oil from the surrounding Vaca Muerta shale. 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. 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." These way exceed the closure estimates given in the presenation. Regards, Ed. |
Posted at 13/2/2014 18:24 by edgein Pump,Read the articles regarding Shell's stance to the Argentine government and their speedy U-turn to invest in Argie. Lots has changed 20% of the revenues are now tax free etc etc Large companies can now reinvest revenues outside Argie etc. Lots of articles for you to read. It says it all when you see what all these majors are committing to the VM shale. We're now talking billions for development. Argie's insisting that Repsol was a one off. Imo its only a matter of time, given the latest release, before CWV is owned by someone else. Regards, Ed. |
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.proactive 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. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
