Crown Point Acquires Additional Interest in El Tordillo, La Tapera and Puesto Quiroga Hydrocarbon Exploitation Concessions in Chubut, Argentina

Core Viewpoint - Crown Point Energy Inc. has successfully acquired a 95% interest in the Chubut Concessions in Argentina, enhancing its operational footprint in the region [1][2]. Group 1: Acquisition Details - The company acquired a 59.32947% interest in the Chubut Concessions from Tecpetrol S.A. and YPF S.A., along with a previously announced 35.6706% interest from Pampa Energía S.A., culminating in a total acquisition of 95% [1]. - The Chubut Concessions cover 113,325 acres and are located in the Province of Chubut, Argentina, approximately 40 kilometers west of Comodoro Rivadavia [2]. Group 2: Production Information - The acquired 95% interest in the Chubut Concessions produced an average of approximately 5,020 barrels of oil equivalent (boe) per day during the nine-month period ending September 30, 2025, which includes 4,500 barrels per day of light and medium crude oil and 3,130 thousand cubic feet (mcf) per day of natural gas [2]. Group 3: Financial Aspects - The total cash consideration for the acquisitions was approximately US$57.9 million, funded partly by a US$30.0 million loan from Liminar Energía S.A., the company's largest shareholder [3]. - There is a contingent consideration of up to US$3.5 million in cash payable to Pampa following the closing of the acquisitions [3].