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[canigou2] 14/6/2012 10:37

Thanks uncommon13. I just viewed the presentation (no audio). They certainly look busy in H2 2012. Lots going on. Think I'll hold onto these for a while. (Meanwhile let's hope AEY get re-rated closer to true value. GLA)

[uncommon13] 14/6/2012 10:13

Mine arrived in my selftrade ISA a few days back now.

There is live webcast of CWV's presentation now or available later:


Crown Point Ventures Ltd. Announces Participation at EnerCom's London Investor Conference

CALGARY, ALBERTA--(Marketwire - June 14, 2012) - Crown Point Ventures Ltd. (TSX VENTURE:CWV) ("Crown Point" or "the Company") is pleased to announce that it will be presenting at ENERCOM'S LONDON OIL AND GAS INVESTOR CONFERENCE taking place on June 13 - 14, 2012 at the Sofitel Hotel in London, England. Mr. Murray D. McCartney, President and CEO, is scheduled to present on June 14, 2012 at 10:15 AM. An updated investor presentation is available on the Company's website (www.crownpointventures.ca).

All of the presentations made at EnerCom's London Oil & Gas Conference are scheduled to be webcast live. All of the presentations (including audio) will be archived on the Conference website at for 30 days.

Live webcast of the Crown Point presentation can be located at the following web page:

[rhubarbe] 13/6/2012 22:10

Mine have arrived at H&L.

[dougdig] 13/6/2012 20:32

CNF - thanks - this is looking quite a nice "bonus" with more good things to come..
Pleased to hear your shares are nowin your accounts - no signs of mine yet with TDD - I wondered if the CWV shares would qualify for inclusion in my ISA where my AEY are held? Hope so!

[captainnelsonforties] 13/6/2012 10:53

"Crown Point Reports Successful Completion of Third Well as a Flowing Oil Well at El Valle in Argentina

CALGARY, ALBERTA--(Marketwire - June 8, 2012) - Crown Point Ventures Ltd. (TSX VENTURE:CWV) ("Crown Point" or the "Company") is pleased to announce that it has successfully completed EV 36 which is the third well of the 2012 drilling program in the El Valle area of Argentina as a successful flowing oil well. To date this year, the Company has drilled and completed three oil wells with the fourth well nearing completion of drilling. Since commencing drilling operations at El Valle, the Company has drilled and completed fifteen wells with a 100% drilling and completion success rate.

The completion rig will be moving later this week to re-commence completion fracturing operations on the second well EV 33.

Completion Update:

EV-36

Crown Point successfully completed a 2.5 metre thick section of the Cañadon Seco formation in the EV 36 wellbore. This zone was perforated and immediately flowed oil. During its evaluation period of two days the well flowed oil through a 12mm choke at an average rate of 370 barrels per day of 97% oil. The interval completed in EV 36 is directly correlative with intervals completed in EV 23, 26, 33 and 34.

About Crown Point

Crown Point Ventures Ltd. is an oil and gas exploration and development company with production in Argentina. The Company's exploration and development activities are focused in the Golfo San Jorge and Neuquén basins [and the Tierra del Fuego area] in Argentina."

Looks like by the time this drilling campaign ends and the wells are frac'd and completed CWV will have a decent production base coming from this asset.

Captain Nelson Forties

P.S. received my free CWV into my accounts this morning.

[captainnelsonforties] 30/5/2012 11:48

Crown Point Ventures Ltd. Announces the Casing of its Third El Valle Well as a Potential Multizone Oil Well

CALGARY, ALBERTA--(Marketwire - May 30, 2012) - Crown Point Ventures Ltd. (TSX VENTURE:CWV) ("Crown Point" or "the Company") is pleased to announce that the third well (EV 36) of the ten well 2012 drilling program on its El Valle concession in the Golfo San Jorge Basin, Argentina has been cased as a potential multi zone oil well.

El Valle - Golfo San Jorge Basin

EV 36

Crown Point advises that the EV 36 has been logged and cased as a potential multi-zone oil well. Crown Point is paying 100% of the costs to drill, case, complete and equip the drilling program and will have an 80% interest in production from the wells. Logs and samples taken while drilling indicate a total of 9 net meters of potential pay in the Cañadon Seco and Caleta Olivia Formations. The drilling rig is being moved to the EV 32 location which is the fourth well to be drilled in this program.

EV 34

This is the first well drilled by Crown Point and was placed on production on May 27, 2012.

EV 33

This is the second well drilled by Crown Point and is currently undergoing completion operations. The well has been perforated in the Cañadon Seco and swab testing has been conducted successfully. The well is scheduled to be fracture stimulated. Management is of the opinion that the well was damaged during a 10 day cessation in drilling activities due to mechanical failure of the top drive unit of the drilling rig.

The first six to seven wells in this program are focused on the drilling of development oil wells with multiple-zones targeted in the Cañadón Seco and Caleta Olivia formations. Over the next two years the Company plans to drill a total of 24 wells at El Valle.

El Valle has three distinct productive sedimentary formations, which, in order of surface to deepest, are the Cañadon Seco, Caleta Olivia and Mina el Carmen. Each of these formations may contain multiple discrete hydrocarbon bearing zones. Typically, the Cañadon Seco oil produces medium grade oil (API that ranges from 16-22°), while the Caleta Olivia and Mina el Carmen produce light oil (API of approximately 30°).

The Company is also undertaking a two to four well work over program of existing producing wells at El Valle to access pay zones left behind during casing the initial completion programs. This program is expected to start at about the same time the completions of the wells currently being drilled begin.

[captainnelsonforties] 30/5/2012 11:47

Crown Point Announces Completion of Acquisition of Antrim Argentina S.A.

CALGARY, ALBERTA--(Marketwire - May 29, 2012) - Crown Point Ventures Ltd. ("Crown Point") (TSX VENTURE:CWV), an Argentine focused exploration and production company, is pleased to announce the completion of Crown Point's previously announced acquisition of Antrim Energy Inc.'s ("Antrim") wholly owned subsidiary, Antrim Argentina S.A. ("Antrim Argentina") pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement").

Under the terms of the Arrangement, Antrim received a cash payment of approximately CDN$9.25 million and was issued 35,761,307 shares of Crown Point (the "Crown Point Arrangement Shares"). The Crown Point Arrangement Shares will be distributed by Antrim to shareholders of record on June 4, 2012 on a pro rata basis. Crown Point now has approximately 104.5 million shares outstanding, approximately 66% of which are held by Crown Point's existing shareholders and approximately 34% of which will be held by Antrim's shareholders following Antrim's distribution of such shares to its shareholders.

The principal assets of Antrim Argentina are three oil and gas focused producing concessions in the Tierra del Fuego portion of the Argentine Austral basin (the "TDF Assets") and an operated 50.1% interest in the Cerro de Los Leones Exploration Concession. Antrim's TDF Assets had average daily sales volumes during the quarter ended March 31, 2012 of approximately 1,424 boe/d comprised of 225 bbls of oil per day, 6.8 mmcf of natural gas per day and 66 bbls of natural gas liquids per day. Crown Point also acquired Antrim Argentina's working capital surplus of approximately CDN$9 million.

Crown Point's average daily sales volumes during the quarter ended February 29, 2012 were approximately 335 boe/d, with the result that Crown Point's consolidated average daily sales volumes are now approximately 1,759 boe/d, weighted approximately 35% to crude oil and natural gas liquids and approximately 65% to natural gas. In accordance with the terms of the Arrangement, Crown Point has also appointed Dr. Brian Moss, Antrim's Executive Vice President, Latin America and a member of Antrim's board of directors, to Crown Point's board of directors.

Since the end of the first quarter, a fracture stimulation program of five wells on the Las Violetas Concession on the TDF Asset has been under way and management is expecting increases in production arising from that program. A six well development drilling program is also planned for the last half of 2012 on this Concession. Crown Point is in the midst of a seven well program on its El Valle Concession, of which three wells have been drilled with one well completed and ready to commence production, a second well undergoing completion operations and a third well being cased as an oil well. Management is expecting this drilling program to start to have a positive impact on El Valle production levels as the new wells are placed on production.

Until recently, sales of oil and gas from the TGF Assets to the Argentina mainland generated value-added tax ("VAT") of 21%, which Antrim Argentina was able to retain due to favorable tax laws pertaining to Tierra del Fuego. Antrim reported VAT income of US$2.2 million in 2011 and US$2.1 million in 2010. However, on May 16, 2012 the Federal Government of Argentina issued a decree removing the tax free status of the Province of Tierra del Fuego (the "TDF Policy Change"). Over the short to medium term, the TDF Policy Change is expected to have a modestly negative impact on the combined company's income, although the TDF Policy Change is not expected to have a material impact on the combined company's reserves. The TDF Policy Change's impact on Crown Point may be mitigated to some degree by ongoing local efforts to have it reversed or revised, potential reductions in the conditions and terms of the TDF Assets Concession extensions currently being negotiated with the Tierra del Fuego government, the continuation of the trend in rising natural gas prices in Argentina, and/or an increase in the proportion of Crown Point's production that is derived from natural gas production from the TDF Assets, which attracts the higher "Gas Plus" pricing. However, no assurances can be provided by Crown Point that any of these mitigating factors will materialize, or that if they do, that they will offset the effects of the TDF Policy Change in total, in part or at all.

[rhubarbe] 28/5/2012 22:01

Hmm, it seems that my DEO money will be coming over here (or AEY), unless I want to paper the hall, stairs and landing with PMG shares.

[captainnelsonforties] 25/5/2012 09:14

"Completion of the Arrangement is also subject to approval of the Court of Queen's Bench of Alberta and receipt of all necessary regulatory approvals. If the requisite court and regulatory approvals are obtained and if all other conditions to the Arrangement becoming effective are satisfied or waived, it is expected that the Arrangement will become effective on or about May 28, 2012. Antrim will issue a press release upon closing of the Arrangement to announce the ex-distribution date and the distribution record date for the Crown Point shares."

Chaps it sounds as if there is a little legal paperwork to be completed on or about the 28th. Then AEY will announce the Ex- and the Record dates. I reckon the timing will be around that suggested by Doug above. Then we'll have some time to wait for the VM drilling a little later in the year. But since they're doing about 1 appraisal well per month, or should I say multi-zonal oil well, we'll have plenty to keep us occupied in the mean time.

Captain Nelson Forties

[cyberbub] 24/5/2012 22:40

Should someone not just email or call AEY tomorrow to find out, before they close for the weekend? It is very confusing!

[rhubarbe] 24/5/2012 22:34

Isn't the 28th the day of the vote at the meeting?

[dougdig] 24/5/2012 13:16

As I (not quite!!) understand it:-

Pursuant to the terms of the Arrangement, the Distribution Record Date for determining Antrim Shareholders entitled to the distribution of Crown Point Shares is the fifth Business Day following the Effective Date.

Subject to confirmation of and the issuance of a publication by the Toronto Stock Exchange, the Antrim Shares are expected to commence trading ex-distribution on the third-Business Day following the Effective Date.
Additionally, the distribution of the-Crown Point Shares is expected to occur on or about the third Business Day following the Distribution Record Date.

Therefore, if the Effective Date is May 28, 2012, it is expected that the Distribution Record Date will-be June 4,2012, the Antrim Shares will commence trading ex-distribution on May 31,2012, and the Crown Point Shares will be distributed to the Antrim Shareholders on or about June7, 2012.

Following the Effective Date and until such time as the Crown Point Shares are distributed to the Antrim Shareholders, such Crown Point Shares will be held in trust for such Antrim Shareholders by a trustee to be appointed by Antrim and Crown Point.

The dates above will change accordingly if the Effective Date is not May 28, 2012.

Antrim will issue a press release upon closing of the Arrangement to announce the ex- distribution date and the distribution record date.

All I have to now is work out the Effective Date! I suspect it just might be today? Anyone know?

[rhubarbe] 24/5/2012 13:02

I believe it's still possible, yes.

[dougdig] 24/5/2012 12:57

rhu- may bepossible to still get in to CWV through AEY - when is qualifying date?
(CNF has put a reassuring entry on AEY thread)

[rhubarbe] 23/5/2012 20:57

Up 13% in the face of the perfidious Danaos. Come to daddy.

[captainnelsonforties] 20/5/2012 18:13

Rhu,

Well at least you got some over the last couple of weeks. 43.25p is still about the mid price. How did you hear that the qualifying date is the 30th? I thought it may have been the 28th after the meeting on the 24th? I've voted already for that, well instructed my nominee vote. I'm also considering buying more CWV to add to the freebies before the VM wells are drilled.

Captain Nelson Forties

P.S cheers for the new cwv thread!

[rhubarbe] 19/5/2012 19:24

Quite, but I forget myself.

Welcome! Bienvenue! Wilkomme! Come right in!

Right, got that out of the way..

I was trying to buy some CWV on Friday but couldn't get any. No matter what fill and kill limit I set I just couldn't get them - 33.77p each at the time. So, I thought I'd buy some more Antrim to get the free one for five, but there was a 40p - 45p spread at the time and the robbers offered my 43.25 to buy 10,000 so I didn't bother in the end.

I do wonder how I'll come to regret that in the years to come. Bought TPL instead.

[dougdig] 19/5/2012 12:34

Nice one rhu..!

This is from TDD re my AEY:-
www.tddirectinvesting.co.uk
L
11th May 2012
CORPORATE ACTION NOTICE
Ref: CONS-SUB/1030417/999
ANTRIM ENERGY INC COM NPV
3339381
Scheme of Arrangement
1030417
Antrim Energy Inc is proposing to merge with Crown Point Ventures Ltd through a Scheme of Arrangement.
Under the terms of the Scheme, shareholders will be issued with approximately 0.194 shares of Crown Point Ventures Ltd in exchange for each Antrim Energy Inc share held.
The Scheme, which is subject to shareholder approval at a meeting to be held on 24th May 2012 is expected to become effective on or around 28th May 2012.
Please be informed that Crown Point Ventures Ltd shares are expected to be listed on Canadian TSXV Exchange.
As such, we will arrange to have the shares transferred onto the Canadian exchange to ensure continuation of trading however; there may be a delay in receiving such Crown Point venture shares.
SPECIAL NOTES:
1. Should there be any fractional entitlement we will credit your account upon receipt, provided such cash value is £5 or more.
2. If you have elected for Dividend Reinvestment, your preferences may be lost as a result of a Corporate Action; if this occurs you will need to update your preferences in order to continue using the Dividend Reinvestment Service. You can do this Online or over the Telephone.
3. Should we receive any further information we will contact you accordingly.
4. If you have any queries please do not hesitate to contact our Customer Services Department on the telephone number featured on this letterhead.
This information is provided to assist shareholders in relation to the proposed corporate action. It iscompiled from sources believed to be reliable at the date of this notification. No warranties are given as to the accuracy, completeness or timeliness of the content. Further information may be available on theCompanys website and/or within the Official Documentation to assist you in making any investmentdecision. There may be tax consequences as a result of this corporate action, therefore you may wish to
consult your tax advisor before making any decision. Market conditions may affect the value of the offer, therefore you may wish to consult an independent advisor before making any decision.
This is to notify you of a Corporate Action that relates to a stock that you currently hold. Please take the time to read the contents of this notice.

....wonder how "approximate" 0.194 is -sounds a fairly accurate to me as it is to 3 decimal places?
I guess we will find out after 28 May.

[rhubarbe] 18/5/2012 14:07

Update today:

CWV have released an update today:

[rhubarbe] 18/5/2012 12:20

I thought it was about time that we had one for this. Holders of Antrim Energy will be receiving about 0.19 CWV sahes for each AEY share held on 30th May 2012 in consideration of AEY Argentinian assets being sold to Crown Point.

More to follow.

[rhubarbe] 18/5/2012 12:19

Crown Point Ventures Ltd. (CWV-TSXV) is junior international oil and Gas Company focused on identifying, acquiring and developing low-risk and high reward oil and gas deposits in Argentina (onshore). The company is successfully implementing a strategy of acquiring and exploiting undercapitalized oil and gas assets in the two major producing basins in Argentina. Crown Point's current principal assets are the El Valle Exploitation Concession and the Cañadon Ramirez Exploitation Concession in the Golfo San Jorge Basin and the Cerro de los Leones and Laguna de Piedra Exploration Concessions in the Neuquén Basin. The company continues to pursue mid to high working interests in exploration and production projects in these prolific basins. (skip to posts)ChartsLong Term ChartTSX Price6 Month Chart with VolumeCompany Website RNS:

[25wbh] 17/7/2010 07:57

Pity u have to do it, everyone's nightmare scenario when a share goes bust,rgds.,B

[panda9958] 16/7/2010 21:56

Many thanks for the info guys, I'll get onto the tax man.