Financial and operational results revealed for the three and six months ending June 30, 2025, by Crown Point, along with announcement of a new board member.
Crown Point Energy Inc., an Argentine energy company, has announced its financial and operating results for the second quarter of 2025. The company, headquartered in Buenos Aires, operates in the Golfo San Jorge basin, the Austral basin, and the Neuquén and Cuyo basins in Argentina.
Financial Highlights
For Q2 2025, Crown Point Energy Inc. reported net cash provided by operating activities of $5.6 million and funds flow used in operating activities of $5.0 million, demonstrating a significant improvement compared to Q2 2024 when both were negative at about $1.5 million and $1.4 million respectively.
Oil and Gas Production
While the exact production volumes are not specified in the available results, Crown Point reported significant growth in oil and natural gas sales revenue in Q2 2025, reflecting increased production or higher realized prices.
Operating Netback
The operating netback—a key profitability metric in the oil & gas industry—was also highlighted as improved, but the precise dollar value or per unit figure for Q2 2025 was not disclosed in the search results.
Oil Production in Santa Cruz Concessions
In Q2 2025, oil production in the Santa Cruz Concessions averaged 1,902 bbls of oil per day in the Piedra Clavada Concession and 1,060 bbls of oil per day in the Koluel Kaike Concession. Twelve oil producing wells were performed workovers in the Santa Cruz Concessions during the quarter.
Oil Production in Mendoza Concessions
Oil production for Q2 2025 in the Mendoza Concessions averaged 766 (net 383) bbls of oil per day from the Chanares Herrados Concession and 170 (net 85) bbls of oil per day from the Puesto Pozo Cercado Oriental Concession.
Capital Expenditure Budget
The Company's capital expenditure budget for 2025 includes well workovers, facilities improvements, and a drilling campaign comprised of 2 wells in the Santa Cruz Concessions, and well workovers, facilities improvements, and optimization in the Mendoza Concessions. The Company's capital spending for fiscal 2025 is budgeted at approximately $12.3 million, with $10.4 million allocated to the Santa Cruz Concessions and $1.1 million for the Mendoza Concessions.
Other Developments
Crown Point Energy Inc. also plans to test the gas bearing sandstone layers of the Neuquen Group at Cerro de Los Leones in the Mendoza Concessions. The Company entered into agreements to acquire the Chubut Concessions for approximately $57.9 million in cash plus contingent consideration of up to $3.5 million. Juan Llado was appointed as a director of Crown Point Energy Inc.
Subsequent to June 30, 2025, Crown Point repaid $5.62 million of working capital loans and overdraft loans, $3.4 million principal amount of Series IV Notes, and $2.1 million principal amount of Series III Notes.
For more detailed quantitative data on production volumes and operating netback, please refer to Crown Point’s full Q2 2025 MD&A and financial statements on their official site or Canadian securities regulatory filings.
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