11:51 AM EST - Crown Point Energy Inc. : provided an operational update for its 25.78% interest Las Violetas exploitation concession and for its 100% interest Cerro de Los Leones exploration concession, both located in Argentina. Crown Point and its partners are currently reviewing several drilling rig options and negotiations are underway to obtain a drilling rig to conduct a multi-well and multi-year drilling program on its Las Violetas exploitation concession, located in the Province of Tierra del Fuego. Drilling operations are expected to commence in the fourth quarter of 2013 with an initial program of eight wells. These wells are expected to take 20 days to drill and case, and completion and tie-in are expected to take an additional 30 days per well. Crown Point Energy Inc.
shares V.CWV are trading up $0.01 at $0.21.
