Crown Point Announces Strategic Acquisition of Exploitation Concessions in Santa Cruz, Argentina
Crown Point Announces Strategic Acquisition of Exploitation Concessions in Santa Cruz, Argentina
– Acquisition will increase significantly Production and Reserves –
— 收購將顯著增加產量和儲量 —
– Agreements Signed to acquire Petroleum Exploitation Concessions Piedra Clavada and Koluel Kaike –
— 簽署了收購石油開採特許權的協議 Piedra Clavada和Koluel Kaike —
CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Crown Point Energy Inc. (TSX-V: CWV) ("Crown Point" or the "Company") is pleased to announce that its wholly-owned subsidiary, Crown Point Energia S.A., has entered into an asset sale and purchase agreement (the "Acquisition Agreement"), dated as of February 1, 2024, with PAN AMERICAN ENERGY S.L., SUCURSAL ARGENTINA (the "Seller"), an arm's length party, to acquire all of Seller's right, title and interest in the Piedra Clavada and Koluel Kaike hydrocarbons exploitation concessions.
艾伯塔省卡爾加里,2024年2月9日(GLOBE NEWSWIRE)——冠點能源公司(多倫多證券交易所股票代碼:CWV)(“Crown Point” 或 “公司”)欣然宣佈,其全資子公司Crown Point Energia S.A. 已與SUCURSAL泛美能源有限公司簽訂了截至2024年2月1日的資產出售和購買協議(“收購協議”)公平交易方阿根廷(“賣方”)將收購賣方在Piedra Clavada和Koluel Kaike碳氫化合物開採特許權中的所有權利、所有權和權益。
Acquired Assets
收購的資產
The Company will acquire from the Seller a 100% operating interest in Piedra Clavada and Koluel Kaike blocks located in the Santa Cruz Province, on the southern flank of Golfo San Jorge basin, approximately 200 km southwest of Comodoro Rivadavia (the "Santa Cruz Concessions").
公司將從賣方手中收購位於聖克魯斯省的彼德拉·克拉瓦達和科魯爾凱克區塊的100%運營權益,該區塊位於聖豪爾赫灣盆地南側,位於裏瓦達維亞海軍准將西南約200公里處(“聖克魯斯特許權”)。
This acquisition represents an excellent opportunity for the Company to acquire a 100% operated interest in already producing oil assets in Argentina and with an average daily production level of 3,500 bbl/d during the three month period ended December 31, 2023.
此次收購爲公司收購阿根廷已生產石油資產的100%運營權益提供了絕佳的機會,在截至2023年12月31日的三個月期間,平均日產量爲3500桶/日。
The Santa Cruz Concessions, comprising a total of 71,593 acres, will include Company owned extensive infrastructure in place capable of handling larger than current production volumes.
聖克魯斯特許權總面積爲71,593英畝,將包括公司擁有的大量基礎設施,能夠處理超過當前產量。
The purchase price payable by Crown Point to the Seller is US$12,000,000 cash base consideration, subject to customary closing adjustments, plus certain contingent in-kind consideration that is payable throughout a fifteen-year period following the closing date.
Crown Point向賣方支付的收購價格爲12,000,000美元的現金基礎對價,視慣例收盤調整而定,外加某些應在截止日期後的十五年內支付的或有實物對價。
With respect to the in-kind consideration, Crown Point will deliver to the Seller a monthly quantity of oil produced from the Santa Cruz Concessions that may range from zero up to 600 bbl/d, subject to the oil market price so determined for each month.
關於實物對價,Crown Point將向賣方交付聖克魯斯特許權每月生產的石油,範圍可能從零到600桶/日不等,視每月如此確定的石油市場價格而定。
Crown Point intends to fund the base cash portion of the purchase price using its existing cash resources, operating cash flows, and by completing a debt and/or equity financing prior to closing of the acquisition.
Crown Point打算利用其現有現金資源、運營現金流以及在收購完成之前完成債務和/或股權融資,爲收購價格中的基本現金部分提供資金。
Acquisition Agreement
收購協議
Completion of the acquisition is subject to, among other things, the receipt of all necessary regulatory and Provincial approvals, including the approval of the TSX Venture Exchange ("TSXV"), and other customary closing conditions. Completion of the acquisition is not subject to approval by the Company's shareholders. The acquisition is expected to close in April 2024. The effective date of the acquisition is January 1, 2024.
除其他外,收購的完成取決於獲得所有必要的監管和省級批准,包括多倫多證券交易所風險交易所(“TSXV”)的批准以及其他慣例成交條件。收購的完成無需獲得公司股東的批准。此次收購預計將於2024年4月完成。此次收購的生效日期爲2024年1月1日。
On February 1, 2024, the common shares of the Company (the "Common Shares") were halted pending review of the Acquisition Agreement pursuant to TSXV Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets ("Policy 5.3") as the matters contemplated by the Acquisition Agreement are considered to be a "Fundamental Acquisition" under Policy 5.3. Trading of the Common Shares will remain halted pending receipt by the TSXV of acceptable documentation pursuant to Policy 5.3.
2024年2月1日,根據多倫多證券交易所第5.3號政策,公司普通股(“普通股”)暫停發行,等待對收購協議進行審查— 非現金資產的收購和處置 (“政策5.3”),因爲根據政策5.3,收購協議所考慮的事項被視爲 “基本收購”。根據政策5.3,在多倫多證券交易所收到可接受的文件之前,普通股的交易將保持暫停。
For inquiries please contact:
如有查詢,請聯繫:
Gabriel Obrador | Marisa Tormakh |
President & CEO | Vice-President, Finance & CFO |
Ph: (403) 232-1150 | Ph: (403) 232-1150 |
Crown Point Energy Inc. | Crown Point Energy Inc. |
gobrador@crownpointenergy.com | mtormakh@crownpointenergy.com |
加布裏埃爾·奧布拉多 | Marisa Tormakh |
總裁兼首席執行官 | 財務副總裁兼首席財務官 |
Ph:(403) 232-1150 | Ph:(403) 232-1150 |
皇冠角能源公司 | 皇冠角能源公司 |
gobrador@crownpointenergy.com | mtormakh@crownpointenergy.com |
About Crown Point
關於皇冠角
Crown Point is an international oil and gas exploration and development company incorporated in Alberta, Canada, trading on the TSX Venture Exchange and operating in Argentina. Crown Point's exploration and development activities are focused in three producing basins in Argentina, the Austral basin in the province of Tierra del Fuego, and the Neuquén and Cuyano basins in the province of Mendoza. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.
Crown Point是一家國際石油和天然氣勘探與開發公司,在加拿大艾伯塔省註冊成立,在多倫多證券交易所風險交易所上市,在阿根廷運營。Crown Point的勘探和開發活動集中在阿根廷的三個產油盆地、火地島省的南方盆地以及門多薩省的內烏肯和庫亞諾盆地。Crown Point的戰略重點是建立生產物業組合,加上產量提升和勘探機會,爲未來的增長奠定基礎。
Advisories
公告
Forward-Looking Statements. Certain information regarding Crown Point set forth in this document, including all details regarding the proposed acquisition of the Seller's right, title and interest in the Piedra Clavada and Koluel Kaike exploitation Concessions; the opportunities the acquisition presents; the benefits that we anticipate deriving from the acquisition; the in-kind consideration and the volumes of oil to be delivered to the Seller at different average oil prices and in different years; our beliefs regarding how we will fund the purchase price for the acquisition and our ability to fund the purchase price for the acquisition; including our ability to obtain the requisite debt and/or equity financing; and the anticipated timing for closing the acquisition. The forward-looking information is based on certain key expectations and assumptions made by Crown Point, including expectations and assumptions concerning: the timing of receipt of the necessary regulatory; stock exchange and other approvals and the satisfaction of and time necessary to satisfy the conditions to the closing of the acquisition; prevailing commodity prices and exchange rates; applicable royalty rates and tax laws; future well production rates and reserve volumes; the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; and the availability and cost of labour and services. In addition, there are no assurances the acquisition will be completed on the terms disclosed herein or at all. Although Crown Point believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Crown Point can give no assurances that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These risks include, without limitation: risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation; loss of markets; volatility of commodity prices; environmental risks; inability to obtain drilling rigs or other services; capital expenditure costs, including drilling, completion and facility costs; unexpected decline rates in wells; wells not performing as expected; delays resulting from labour unrest; delays resulting from our inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources; the impact of general economic conditions in Canada, Argentina, the United States and overseas; industry conditions; changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced; increased competition; the lack of availability of qualified personnel or management; fluctuations in foreign exchange or interest rates; and stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof. There are also risks inherent in the nature of the proposed acquisition, including failure to realize anticipated opportunities and benefits; risks regarding the integration of assets into Crown Point; incorrect assessment by Crown Point of the value of the assets; failure to obtain the required regulatory and other third party approvals; failure to obtain the debt and/or other financing required to fund the purchase price for the acquisition; and the possibility that the asset sale and purchase agreement will be terminated. Readers are cautioned that the foregoing list of factors is not exhaustive.
前瞻性陳述。本文件中列出的有關Crown Point的某些信息,包括有關擬收購賣方在Piedra Clavada和Koluel Kaike開採特許權中的權利、所有權和權益的所有細節;收購帶來的機遇;我們對收購價格的預期收益;以不同的平均油價和不同年份向賣方交付的石油量;我們對如何爲收購價格提供資金的看法爲了收購和我們的能力爲收購價格提供資金;包括我們獲得必要債務和/或股權融資的能力;以及完成收購的預期時間。前瞻性信息基於Crown Point的某些關鍵預期和假設,包括以下方面的預期和假設:收到必要監管機構的時間;證券交易所和其他批准以及滿足收購完成條件所需的滿意度和時間;現行大宗商品價格和匯率;適用的特許權使用費率和稅法;未來的油井產量和儲備量;獲得監管部門批准的時機;現有油井的表現;在鑽探新油井方面取得的成功;預算資本支出足以開展計劃活動;以及勞動力和服務的可用性和成本。此外,無法保證收購將按照此處披露的條款完成,或根本無法保證。儘管Crown Point認爲此類前瞻性信息所依據的預期和假設是合理的,但不應過分依賴前瞻性信息,因爲Crown Point無法保證這些信息將被證明是正確的。由於前瞻性信息涉及未來的事件和狀況,因此就其本質而言,它涉及固有的風險和不確定性。由於許多因素和風險,實際結果可能與目前的預期有重大差異。這些風險包括但不限於:與石油和天然氣勘探、開發、開採、生產、營銷和運輸相關的風險;市場損失;大宗商品價格波動;環境風險;無法獲得鑽機或其他服務;資本支出成本,包括鑽探、完井和設施成本;油井意外下降率;油井表現不如預期;勞動動盪造成的延誤;由於我們無法獲得所需的監管批准和准入能力而造成的延誤來自內部和外部來源的充足資本;加拿大、阿根廷、美國和海外總體經濟狀況的影響;行業狀況;法律法規的變化(包括通過新的環境法律法規)及其解釋和執行方式的變化;競爭加劇;缺乏合格人員或管理人員;外匯或利率的波動;以及股票市場波動和公司與已公佈交易有關的市場估值其最終估值。擬議收購的性質中還存在固有的風險,包括未能實現預期的機會和收益;將資產併入Crown Point的風險;Crown Point對資產價值的評估不正確;未獲得所需的監管和其他第三方批准;未能獲得爲收購價格提供資金所需的債務和/或其他融資;以及資產出售和購買協議可能終止。請讀者注意,上述因素清單並不詳盡。
Crown Point's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. Additional information on these and other factors that could affect Crown Point's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website () or Crown Point's website (). The forward-looking statements contained in this document are made as at the date of this news release and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Crown Point的實際業績、業績或成就可能與這些前瞻性陳述中所表達或暗示的業績、業績或成就存在重大差異,因此,無法保證前瞻性陳述所預期的任何事件會發生或發生,也無法保證如果其中任何事件發生,公司將從中獲得什麼好處。有關這些因素和其他可能影響Crown Point運營和財務業績的因素的更多信息包含在加拿大證券監管機構存檔的報告中,可以通過SEDAR網站()或Crown Point的網站()訪問。本文件中包含的前瞻性陳述是截至本新聞發佈之日作出的,除非適用的證券法另有要求,否則Crown Point沒有義務公開更新或修改所包含的任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。
Oil and Gas Matters. "bbl/d" means barrel per day.
石油和天然氣問題。“bbl/d” 是指每天的桶。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。