Live Breaking News & Updates on Scalable Oil Production Businesses Strengthen Combined Position

Centaurus Energy Inc.: Crown Point Energy and Centaurus Energy Enter into Term Sheet and Propose to Merge in a Stock-Based Business Combination to Create an Operationally Diversified, Financially Strong, Argentina-Focused Oil and Gas Production Company
Access to funding for upcoming Vaca Muerta oil production development in Coiron Amargo Sur Este
Expert management with international experience and deep local ties
Operational Efficiencies to Generate Cost Synergies
Transaction Closing expected early Q2 2021
CALGARY, AB / ACCESSWIRE / January 7, 2021 / Crown Point Energy Inc. ( Crown Point ) (TSXV:CWV), a Calgary-based oil and gas company with Argentine upstream conventional oil and gas assets, and Centaurus Energy Inc. ( Centaurus ) (TSXV: CTA and OTCQB: CTARF), an independent, Canadian company focused on Argentine upstream oil and gas conventional and unconventional operations, are pleased to announce that they have entered into a non-binding term sheet (the T ....

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