CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- TSX-V: CWV: Crown Point Energy Inc. ("Crown Point", the "Company” or "we") announces that Gabriel Obrador has resigned as the President, CEO and a director of the Company and its subsidiaries effective today to pursue other opportunities. The Board of Directors of Crown Point has commenced a search process to identify a qualified candidate to replace Mr. Obrador. In the interim, Marisa Tormakh, the VP, Finance and CFO of the Company and Hermann Steinbuch, ...

Core Viewpoint - Barnwell Industries, Inc. is focused on moving forward without distractions to drive value for all shareholders amidst a proxy contest initiated by Ned Sherwood and his affiliated entities [1]. Group 1: Proxy Contest Developments - Glass Lewis & Co., a leading independent proxy advisory firm, has deemed the removal of Barnwell's incumbent director nominees as unwarranted, supporting the current Board's track record and strategic direction [2]. - The Board emphasizes its commitment to avoiding prolonged conflict and unnecessary costs, expressing openness to constructive discussions with Mr. Sherwood to seek an amicable resolution [3]. Group 2: Company Strategy and Performance - Barnwell is executing a clear strategy aimed at driving value, improving performance, and maintaining the trust of long-term stockholders [4]. - The company remains committed to responsible stewardship and aims to avoid wasteful disputes while seeking productive resolutions [3]. Group 3: Company Overview - Barnwell Industries, Inc. and its subsidiaries are primarily engaged in oil and natural gas exploration and development [5].