"Crown Point Energy Inc. Unleashes Massive Growth with Q4 2024 Results!"

Ladies and gentlemen, buckle up! Crown Point Energy Inc. just dropped a bombshell with its unaudited financial and operating results for the three months and year ended December 31, 2024. This energy powerhouse is on fire, and you need to pay attention!



First things first, let's talk about the elephant in the room: the acquisition of the Santa Cruz Concessions. This move was a game-changer! Crown Point snatched up a 100% operating interest in the Piedra Clavada and Koluel Kaike hydrocarbon exploitation concessions. The result? A whopping increase in oil production and revenue. During Q4 2024, Piedra Clavada churned out an average of 2,043 barrels of oil per day, while Koluel Kaike followed closely with 1,187 barrels per day. That's some serious production power!

But wait, there's more! This acquisition didn't just boost production; it also skyrocketed Crown Point's proved plus probable (2P) reserves. As of December 31, 2024, the company's 2P gross reserves soared to 50,517 MBOE, up from a mere 7,813 MBOE the previous year. That's a 550% increase, folks! This surge is thanks to the acquisition, partially offset by 2024 production of 677 MBOE. The net present value of these reserves, discounted at 10%, hit $358.9 million, a staggering increase from $74.6 million the year before. This is all thanks to the normalization of the oil and gas market in Argentina, driving up domestic prices.

Now, let's talk about the financials. Crown Point reported a net cash used in operating activities of $1.5 million and funds flow provided by operating activities of $1.0 million for Q4 2024. The company earned $19.6 million in oil and natural gas sales revenue, with an average daily sales volume of 3,335 BOE. That's a 250% increase in revenue compared to the previous year! The operating netback was $3.96 per BOE, showing strong operational efficiency.

But here's where it gets even more exciting: Crown Point's capital spending budget for fiscal 2025 is a whopping $28.2 million. This budget is strategically allocated to enhance production and operational efficiency. A massive $25.5 million is earmarked for the Santa Cruz Concessions, including well workovers, facilities improvements, and a drilling campaign of 7 wells. This investment is set to further boost production and reserves, ensuring sustained growth.



But it's not all sunshine and roses. The company reported a working capital deficit of $28.8 million as of December 31, 2024. However, Crown Point has obtained working capital and overdraft loans for a total amount of $6.06 million subsequent to December 31, 2024, which could help mitigate this risk.

In conclusion, Crown Point Energy Inc. is on a roll! The acquisition of the Santa Cruz Concessions has positioned the company for robust future growth through increased production, enhanced reserves, and strategic capital investments. This is a no-brainer buy, folks! Don't miss out on this opportunity to invest in a company that's poised for massive growth. BOO-YAH!