10:48 AM EST - Crown Point Energy Inc. : Provided an operations update on its activities in Tierra del Fuego. SM a-1002, the first appraisal well on the San Martin discovery, has been drilled to a total depth of 2,107 meters and has been cased as a potential Tobífera formation oil well. Completion operations commenced in July and are ongoing. SM a-1002 is located 0.8 kilometers ("km") due south of the discovery well, SM x-1001. The second appraisal well, SM a-1003, spud in on 30 June and has been drilled to a total depth of 2,103 meters and cased as a potential Tobífera formation oil well. Completion of this well will begin after testing operations on SM a-1002 are concluded. SM a-1003 is located approximately 0.9 km northwest of SM x-1001. Crown Point Energy Inc.
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