Crown Point Ventures Ltd. has acquired an additional 50% interest in the Laguna de Piedra Exploration Concession in the Neuquén Basin portion of the Province of Rio Negro, Argentina. This interest was acquired through the exercise of rights of first refusal, the cost of this acquisition was $500,000 USD and Crown Point now has a 100% operated interest in the concession.

The Laguna de Piedra concession is a 252,047 acre exploration concession in the Neuquén Basin and is covered with a recently shot 250 Km 3-D seismic program with identified drillable features. The addition of this recent acquisition adds 126,023 acres of net land to Crown Point bringing the total land holdings to 693,845 net acres (pro forma closing the acquisition of Antrim Argentina S.A.).

Tags: Crown Point Ventures Ltd