Sep-26-2012
Press Releases
2012 Press Releases
Crown Point announces change in financial year end
Calgary, Canada
September 26, 2012
Crown Point Energy Inc. (“Crown Point”) (TSX-V: CWV), an Argentine focused exploration and production company, is pleased to announce that it has changed its financial year end from August 31 to December 31.
Crown Point’s transition year will be the four months ending December 31, 2012. The comparative period will be the 12 months ended August 31, 2012. The filing deadline for these financial statements is April 30, 2013. Further details can be found in Crown Point’s Notice of Change in Year End prepared in accordance with Section 4.8 of National Instrument 51-102 – Continuous Disclosure Obligations, which has been filed on SEDAR under Crown Point’s profile.
The change will align Crown Point’s financial reporting and enable it to streamline its annual budgeting and operations with the calendar year which is consistent with other peer companies in the oil and gas industry. The change is expected to be beneficial to Crown Point’s shareholders and the capital marketplace in comparing the results of Crown Point to its peer group.
For inquiries please contact:
Murray McCartney
President & CEO
Ph: (403) 232-1150
Crown Point Energy Inc.
mmccartney@crownpointenergy.com
Arthur J.G. Madden
Vice-President & CFO
Ph: (403) 232-1150
Crown Point Energy Inc.
amadden@crownpointenergy.com
Brian J. Moss
Executive Vice-President & COO
Ph: (403) 232-1150
Crown Point Energy Inc.
bmoss@crownpointenergy.com
Website:www.crownpointenergy.com
About Crown Point
Crown Point Energy Inc.. is an international oil and gas exploration and development Company headquartered in Calgary Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point’s exploration and development activities are focused in the Golfo San Jorge, Neuquén and Austral basins in Argentina. 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.
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.
For further information concerning the Company, please contact us directly.