Crown Point Energy Inc. (V:CWV)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Station M PO Box 1562 CALGARY AB T2P 3B9 |
| Tel: | N/A |
| Website: | https://crownpointenergy.com |
| IR: | See website |
| Key People | ||
| Gabriel Dario Obrador President, Chief Executive Officer, Director | Marisa Tormakh Chief Financial Officer, Vice President - Finance | |
| Business Overview |
| Crown Point Energy Inc. is a Canada-based junior international oil and gas company. The Company is involved in the exploration for, and development and production of petroleum and natural gas in Argentina. The Company's projects include Cerro de Los Leones, Tierra del Fuego and Chanares Herrados. It has a 100% working interest in the 101,208-acre Cerro de Los Leones Exploration Concession located in the Neuquen Basin. It has a 34.74% non-operating working interest in the Rio Cullen, La Angostura, and Las Violetas Exploitation Concessions in the Austral Basin of Tierra del Fuego, representing a total of 489,000 gross acres (169,880 net acres). It has a 50% non-operating working interest in the Chanares Herrados Exploitation Concession in the Cuyano Basin, representing a total of 10,057 gross acres (5,029 net acres). The Company's subsidiaries include CanAmericas (Argentina) Energy Ltd. and Crown Point Energia S.A. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Crown Point Energy Inc revenues decreased 17% to $22M. Net loss increased 38% to $8.1M. Revenues reflect Oil and natural gas sales decrease of 19% to $26.8M. Higher net loss reflects Fair value adjustment of contingent cons increase from $1.1M (income) to $689K (expense), Foreign exchange losses increase from $563K to $2.1M (expense). |
| Employees: | 12 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $42.11M as of Dec 31, 2023 |
| Annual revenue (TTM): | $30.13M as of Dec 31, 2023 |
| EBITDA (TTM): | $0.12M as of Dec 31, 2023 |
| Net annual income (TTM): | -$11.13M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.75M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $37.36M as of Dec 31, 2023 |
| Shares outstanding: | 72,903,038 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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