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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.25p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media - - - - 0.23

CMS Webview Share Discussion Threads

Showing 25076 to 25097 of 25100 messages
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DateSubjectAuthorDiscuss
08/10/2016
22:44
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.
dougdig
05/10/2016
12:14
Offer cancelled - hmm, what now?
dougdig
09/9/2016
22:01
I'm taking a punt and exercising mine - not a lot involved and I guess worth a small go if only to bolster original investment derived from AEY - mind you I'm no judge looking at AEY's outcome! Ah, well it's only money!
dougdig
31/8/2016
06:45
Any views on the rights offer & the general prospects for Crown? I've not being paying the slightest bit of attention as it's a tiny tiny holding stuffed at the back a bottom drawer....obtained as a result of the AEY sale - which itself is now in intensive care with the life support about to be switched off.
oilretire
28/8/2016
15:56
hxxp://crownpointenergy.com/2016/08/aug-12-2016/ ...interesting? (Put tt in place of xx to follow link)
dougdig
18/11/2014
10:32
Thanks MM, interesting development. Unfortunately though the rise is rendered insignificant by the massive drop earlier in the year, but might provide a 'bearable' exit.
wirralowl
18/11/2014
09:49
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 http://web.tmxmoney.com/article.php?newsid=71717056&qm_symbol=CWV
mystery_machine
24/6/2014
15:37
Thanks Ed.
josephrobert
24/6/2014
15:26
Oh well, looks like it was too much to hope that anything associated with Antrim might be a success!
wirralowl
24/6/2014
13:52
Hi Joseph, Yeah not good for the natural flow rates from the intrusives. I would guess these would be the best of the oil shows from the intrusives, but the little bit of positive in there is the TOC of the shale, its still a candidate for frac and test. 2-3% could still be within a commercial range for a frac shale, but the natural free flowing oil is a dead duck from the looks of it. Regards, Ed.
edgein
24/6/2014
13:49
Any thoughts on the news Ed?
josephrobert
29/5/2014
15:49
Results and operational update out http://web.tmxmoney.com/article.php?newsid=68090514&qm_symbol=CWV Completion operations on La Hoyada x-1 have started
mystery_machine
09/5/2014
14:43
Ha Ha, mine too, what a disaster that was! Would be nice if this eventually covered all my losses there, but somehow I doubt it...
wirralowl
09/5/2014
14:32
The most successful part of my Antrim investment this.
hpcg
09/5/2014
13:33
hTTp://web.tmxmoney.com/article.php?newsid=67676822&qm_symbol=CWV 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.
oilretire
01/4/2014
17:13
On the move again...
pumph
08/3/2014
10:16
March presentation hTTp://www.crownpointventures.ca/pdf/cwp_corporate_ppt.pdf 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...
josephrobert
18/2/2014
23:21
Another big name enters the Neuquen basin....... hTTp://www.industryweek.com/global-economy/petronas-signs-ypf-invest-argentina-gas-shale Malaysian oil giant Petronas today signed a preliminary agreement with Argentinian firm YPF to invest in the giant gas and shale oil field at Vaca Muerta, a statement said. Petronas has expressed interest in a shale oil field in Neuquen province at the foot of the Andes in western Argentina, said a statement from YPF, which was nationalized in 2012 at the expense of Repsol (IW 1000/49). Argentina has launched a global drive for foreign investment in Vaca Muerta, seen as one of the most potentially lucrative fields in the world. German firm Wintershall, U.S. giant Chevron (IW 500/2) and Chinese-Argentinian company Bridas have already announced more than $5 billion worth of investment seeking to exploit unconventional hydrocarbons at Vaca Muerta. French company Total (IW 1000/9) is conducting exploration at the site, while Russia's Gazprom (IW 1000/16) and Mexico's Pemex have also been approached.
oilretire
18/2/2014
21:20
Nice to see some life and decent thoughts/discussions, thanks. Still holding my AEY inheritance in CWV and will continue to do so......
oilretire
18/2/2014
09:45
Joseph, Well its hard to predict which reservoirs would contain oil pre-drill. There were many prospective reservoirs pre-drill and it seems that the Chachao and the Agrio have turned up something as well as the conventional reservoir element in the VM (intrusives). The point I was making was that the reserve estimates were for a much smaller closure and hc column than what they actually encountered in the multiple possible reservoirs in this well. Well the similarity with the Vega del sol well suggests that the well would have natually flowed 300-400bopd if there had not been cementation problems encountered by YPF. Its analagous to the results of the La Hoyada in that its the closest well result to the current well. The reference to the VM downdip in that well is also important as it also comfirms VM 4km to the northwest of Hoyada. Not that the VM has been anyway isolated in the many wells drilled in the Neuquen Basin to date. So its definitely more relevant imo than the YPF wells to the south, although they do prove just how extensive the VM is, as does the results of MVN and AEN too. Regards, Ed.
edgein
17/2/2014
20:33
Correct me if I'm wrong Ed - in the latest presentation the closure is just for Cuyo but the latest news release did not mention, let alone quantify the Cuyo formation, which considering it was a primary target is a significant omission. Nor the Lotena Group. Another thought was the reference to the Vega de Sol well which found the Vaca Muerta 150m structually lower than La Hoyada - I'm not sure what to make of that reference - I thought they would again compare to the reserves in the blocks to the immeadiate south.
josephrobert
15/2/2014
11:30
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.
edgein
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