Crown Point Announces Operating and Financial Results for the Three Months Ended March 31, 2026

§ 01 Executive Snapshot

• What: Crown Point Energy Inc. reports its operating and financial results for Q1 2026.
• Who: Crown Point Energy Inc., Brian Moss (Interim President & CEO), Marcos Esteves (Vice-President, Finance & CFO).
• Why it matters: The report highlights significant improvements in revenue and operational metrics compared to the previous year, indicating positive growth and potential for future development in the oil and gas sector.

§ 02 Key Developments

• Reported net cash of $6.5 million and funds flow of $11.7 million in Q1 2026, compared to $3.1 million and $0.3 million in Q1 2025.
• Oil and natural gas sales revenue reached $44.5 million with average daily sales volumes of 7,875 BOE, up from $23.5 million and 4,280 BOE in Q1 2025.
• Achieved an operating netback of $11.96 per BOE, up from $2.50 per BOE in Q1 2025.

§ 03 Strategic Context

• The acquisition of Chubut concessions in Q4 2025 significantly contributed to revenue growth in Q1 2026, reflecting a strategic expansion in operations.
• The oil and gas market dynamics, including fluctuating commodity prices, play a crucial role in Crown Point's financial performance and operational strategies.

§ 04 Strategic Implications

• Immediate consequence: The increase in sales revenue and operational efficiency positions Crown Point favorably against competitors in the oil and gas industry.
• Long-term implication: Continued capital investments of approximately $77 million in fiscal 2026 may enhance production capabilities and operational resilience.

§ 05 Risks & Constraints

• Potential risk: The working capital deficiency of $57.2 million may pose challenges in financing operations and future investments.
• Potential risk: Regulatory changes in the oil and gas sector could impact operational costs and revenue streams.

§ 06 Watchlist / Forward Signals

• Forward signal: The company's planned capital expenditures for 2026, particularly the drilling campaigns, will be critical to monitor for operational success.
• Forward signal: Future quarterly reports will indicate the effectiveness of the current strategies and the impact of recent acquisitions on revenue growth.