Crown Point Energy entered into agreements with Tecpetrol and Pampa Energía to acquire the right, title and interest in the El Tordillo, La Tapera and Puesto Quiroga hydrocarbons exploitation concessions in the Chubut Province on the northern flank of the Golfo San Jorge basin, approximately 40 km west of Comodoro Rivadavia. This acquisition represents a 95% operated interest in producing crude oil assets in Argentina with an average daily production level of approximately 5,449 barrels of oil equivalent per day of natural gas.
SOURCE: DRILLING CONTRACTOR