Crown Point Energy reports Q3 results
Nov. 10, 2023 5:40 PM ETCrown Point Energy Inc. (CWV:CA), CWVLFBy: Pranav Ghumatkar, SA News Editor
- Crown Point Energy press release (TSXV:CWV:CA): Q3 Earned C$7.4 million of oil and natural gas sales revenue on total average daily sales volumes of 1,502 BOE per day, lower than $10.8 million of oil and natural gas sales revenue earned on total average daily sales volumes of 1,863 BOE per day in Q3 2022 due to lower oil sales volumes in the TDF Concessions combined with lower oil prices.
- Reported a loss before taxes of C$2.1 million and a net loss of C$2 million as compared to Q3 2022 when the Company reported a loss before taxes of C$0.5 million and a net loss of C$0.9 million.
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