Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") is pleased to announce that it has commenced drilling operations on a 1,800 to 2,000 meter (subsurface) exploration well located in the southern portion of the 100% owned Cerro de Los Leones Concession in the Province of Mendoza, Argentina.
This 100% interest well, La Hoyada x-1 is being drilled to test the La Hoyada structure which is the western of two separate structures identified on the recently shot 3-D seismic program. The well is targeting multiple conventional formations on the same structural trend which is productive on the adjacent concession to the south of the Cerro de Los Leones Concession.