Crown Point Announces Unaudited Financial and Operating Results for the Three Months and Year Ended December 31, 2025 and Announces Retirement of Board Chair

Core Viewpoint - Crown Point Energy Inc. reported its unaudited financial and operational results for Q4 2025 and the full year 2025, highlighting significant increases in oil and natural gas sales revenue and production volumes, alongside a net loss and working capital deficit. Financial Summary - The company reported oil and natural gas sales revenue of $34.6 million for Q4 2025, a substantial increase from $19.6 million in Q4 2024, and total revenue for 2025 reached $102 million compared to $36.8 million in 2024 [10][5] - The net loss for Q4 2025 was $5.7 million, compared to a loss of $3.1 million in Q4 2024, while the total net loss for 2025 was $4.7 million, an improvement from a loss of $9.1 million in 2024 [10][5] - The company reported a working capital deficit of $71.8 million as of December 31, 2025, compared to a deficit of $28.8 million in 2024 [10] Operational Update - In Q4 2025, oil production from the Chubut Concessions averaged 4,244 bbls per day, with natural gas production averaging 2,120 mcf per day [4][5] - The Santa Cruz Concessions produced an average of 1,822 bbls of oil per day, while the Tierra del Fuego Concessions produced 354 bbls of oil per day and 7,749 mcf of natural gas per day [6][7] - The Mendoza Concessions reported oil production averaging 866 bbls per day [8] Capital Expenditure Outlook - The company has budgeted approximately $77 million for capital spending in fiscal 2026, with allocations of $44.7 million for Chubut Concessions, $29 million for Santa Cruz Concessions, and smaller amounts for Mendoza and Tierra del Fuego Concessions [9] Shareholder Information - The total common shares outstanding remained at 72,903,038, with a net loss per share of $0.08 for Q4 2025, compared to $0.04 in Q4 2024 [10][11]