Crown Point Announces Operating and Financial Results for the Three and Nine Months Ended September 30, 2025 and USD 30 Million Loan to Fund Chubut Acquisition

About this update from Crown Point Energy, Inc.

[{"type":"text","content":"Crown Point Announces Operating and Financial Results for the Three and Nine Months Ended September 30, 2025 and USD 30 Million Loan to Fund Chubut Acquisition\n\n\n\n CALGARY, Alberta, Nov. 11, 2025 (GLOBE NEWSWIRE) --\n \n TSX-V: CWV: Crown Point Energy Inc. (“Crown Point”\n \n ,\n \n\n the\n \n “Company”\n \n or \"\n \n we\n \n \"\n \n )\n \n today announced its financial and operating results for the three and nine months ended September 30, 2025. Crown Point also announced that it has secured a USD 30 million loan to fund the purchase price for the previously announced acquisition of additional interests in the Chubut Concessions (defined below).\n \n\n Selected information is outlined below and should be read in conjunction with the Company’s September 30, 2025 unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“\n \n MD&A\n \n ”) that are being filed with Canadian securities regulatory authorities and will be made available under the Company’s profile at\n \n www.sedarplus.ca\n \n and on the Company’s website at\n \n www.crownpointenergy.com\n \n .\n \n All dollar figures are expressed in United States dollars (\"USD\") unless otherwise stated.\n \n\n\n In the following discussion, the three months ended September 30, 2025 may be referred to as “Q3 2025”. The comparative three months ended September 30, 2024 may be referred to as “Q3 2024”.\n \n\n\n Q3 2025 SUMMARY\n \n\n\n During Q3 2025, the Company:\n \n\n\n Reported net cash used by operating activities and funds flow used in operating activities of $3.6 million and $3.5 million, respectively, as compared to Q3 2024 when the Company reported net cash and funds flow used in operating activities of $1.8 million and $1.2 million, respectively;\n \n\n Reported $21.7 million of oil and natural gas sales revenue on total average daily sales volumes of 4,182 BOE per day, which was higher than the $5.6 million of oil and natural gas sales revenue earned on total average daily sales volumes of 1,410 BOE per day in Q3 2024 due to the oil sales from the Santa Cruz concessions that were acquired on October 31, 2024;\n \n\n Received an average of $3.84 per mcf for natural gas and $62.83 per bbl for oil compared to $3.48 per mcf ...

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