Crown Point Energy reported in early-December 2019 that it was evaluating a gas zone in the Sur Rio Malargue x-1001D directional new-field wildcat (NFW) in the Cerro Los Leones block.     The operator perforated a 5 m      zone in the Tertiary Agua de Piedra Formation from 1,021 m to 1,026 m true      vertical depth (TVD) and began testing gas from the zone. The operator      will test and evaluate the zone to see if it is commercial.  The NFW reached a final total      depth (TD) of 1,333 m measured depth on 29 October 2019 after spudding the      well on 20 October 2019.  The well is located in the      north-eastern area of the northern block approximately 10 km south of the      Lindero de Piedra Sur Field. The well was deviated 40Â° to reach the      top of the target structure under the Malargue river.  Crown Point Energy holds 100%      working interest in the Cerro de los Leones permit. The permit is      separated into two blocks, covering a total of 409 sq km in Mendoza      Province of the Neuquen Basin. Crown Point is currently in the final,      second extension of its exploration period and was granted a third four-month      extension to 23 February 2020 to evaluate the wells it drilled.
Crown Point Energy Inc - Neuquen Basin - Cerro de los Leones - evaluating possible gas discovery - Sur Rio Malargue x-1001D