/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE
CALGARY, June 20, 2012 /CNW/ - Crescent Point Energy Corp. ("Crescent
Point" or the "Company") (TSX: CPG) today closed the previously
announced arrangement (the "Arrangement") with Cutpick Energy Inc.
("Cutpick"), pursuant to which Crescent Point has acquired all of the
issued and outstanding shares of Cutpick. With the closing of the
Arrangement, the Company acquired production of approximately 5,600
boe/d, weighted approximately 65 percent to light oil, primarily in the
Viking light oil resource play near Provost, Alberta.
The successful completion of the Arrangement positions Provost as
Crescent Point's third largest producing area, behind the Bakken and
This news release is not for dissemination in the United States or to
any United States news services. The shares of Crescent Point have not
and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold in the United States or to any U.S.
person except in certain transactions exempt from the registration
requirements of the U.S. Securities Act and applicable state securities
Crescent Point is a conventional oil and gas producer with assets
strategically focused in properties comprised of high-quality,
long-life, operated light and medium oil and natural gas reserves in
United States and Canada.
President and Chief Executive Officer
Crescent Point shares are traded on the Toronto Stock Exchange under the
Crescent Point Energy Corp.
Suite 2800, 111-5th Avenue S.W.
Calgary, AB., T2P 3Y6
SOURCE Crescent Point Energy Corp.
For further information:
FOR FURTHER INFORMATION ON CRESCENT POINT ENERGY CORP. PLEASE CONTACT:
Greg Tisdale, Chief Financial Officer, or Trent Stangl, Vice President Marketing and Investor Relations.
Telephone: (403) 693-0020
Toll free (US & Canada): 888-693-0020
Fax: (403) 693-0070