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Centaurus Energy Inc: Centaurus Announces Termination of Term Sheet with Crown Point Energy Inc.
Centaurus Energy Inc. (TSXV: CTA) (OTCQB: CTARF) (
Centaurus or the Company ) announces that the non-binding term sheet (the Term Sheet ) with Crown Point Energy Inc. previously announced on January 7, 2021 has been terminated.
Centaurus continues to seek opportunities to partner with other Argentina-focused oil and gas, exploration and production companies.
About Centaurus Energy
Centaurus is an independent upstream oil and gas company with both conventional and unconventional oil and gas operations in Argentina. The Company s shares trade on the TSX Venture Exchange under the symbol CTA and on the OTCQB under the symbol CTARF.
Crown Point Energy (TSXV:CWV)
Centaurus Energy (TSXV:CTA)
Cypress Development (TSXV:CYP)
Petrofrontier (TSXV:PFC)
Nouveau Monde Graphite (TSXV:NOU)
Here’s a look at what may have moved their share prices over the last five days.
1. Crown Point Energy
Oil and gas junior Crown Point Energy boasts cash flow from production and a portfolio that includes assets in two of Argentina’s largest producing basins.
Last Thursday (January 7), Crown Point and Centaurus Energy together proposed a business combination through a non-binding term sheet. According to the companies, the resulting new entity would be an Argentina-focused oil and gas exploration company with diverse operations and strong financials.
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 Term Sheet ) in whi