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BRIEF-Crown Point Qtrly Oil And Natural Gas Revenue $5.8 Mln, Down From $19.4 Mln In Q4 2018

Published 2020-04-23, 09:31 p/m
Updated 2020-04-23, 09:36 p/m
© Reuters.

© Reuters.

April 23 (Reuters) - Crown Point Energy Inc CWV.V :

* CROWN POINT ANNOUNCES OPERATING AND FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31, 2019

* CROWN POINT ENERGY - PAID A RETURN OF CAPITAL DISTRIBUTION TO SHAREHOLDERS IN AMOUNT OF $0.185 PER COMMON SHARE FOR CASH PAYMENT OF APPROX. $13.5 MILLION

* CROWN POINT ENERGY - QTRLY OIL AND NATURAL GAS REVENUE $5.8 MILLION , DOWN FROM $19.4 MILLION IN Q4 2018

* CAPITAL EXPENDITURE BUDGET FOR FISCAL 2020 IS $1.4 MILLION

* Q4 2019 WORKOVER SCHEDULED FOR GAS WELL LF-1029 HAS BEEN DEFERRED UNTIL SECOND HALF OF 2020

* NO DRILLING WAS CARRIED OUT ON LAS VIOLETAS CONCESSION DURING Q4 2019

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