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Crown Point Energy Swings to Q2 Income

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Crown Point Energy (CWV.V) posted Q2 net income of $9.2 million, compared with a net loss of $5.7 million in the prior-year period.

The company reported oil and natural gas sales revenue of $69.2 million, rising from $22.2 million a year ago.

Average daily sales volumes of surged to 9,158 barrels of oil equivalent per day (boe/d) in Q2 from 4,083 boe/d a year earlier.

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