Crown Point Energy Acquires 95% Stake in Chubut Oil and Gas Concessions
Crown Point Energy Inc. has acquired a 95% stake in hydrocarbon exploitation concessions in Chubut, Argentina, from Tecpetrol S.A., YPF S.A., and Pampa Energía S.A. The assets produced an average of 5,020 barrels of oil equivalent per day in the first nine months of 2025. The total cash consideration was approximately US$57.9 million, funded partly by a US$30 million loan from Liminar Energía S.A.
Crown Point Energy Inc. has completed the acquisition of a 59.32947% interest in the El Tordillo, La Tapera, and Puesto Quiroga hydrocarbon exploitation concessions in Chubut, Argentina, from Tecpetrol S.A. and YPF S.A. Combined with a previously closed purchase of a 35.6706% interest from Pampa Energía S.A., the company now holds a 95% stake in these concessions. The assets, located west of Comodoro Rivadavia, produced an average of approximately 5,020 barrels of oil equivalent per day during the first nine months of 2025. The total cash consideration paid was approximately US$57.9 million, funded in part by a US$30 million loan from Liminar Energía S.A., with up to US$3.5 million in contingent payments due to Pampa Energía S.A. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crown Point Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9594846-en) on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
