Crescent Point Energy Lets a Light Oil Play Out of the Bag

Seeking Alpha reports that Crescent Point Energy (TSX:CPG) has announced that it quietly assembled a 19% interest in Arcan Resources (TSXV:ARN).

The market news is quoted as saying:

Another 165 net sections of land in the Beaverhill play that was acquired mainly through a joint venture with a private company called Coral Hill Energy Limited but also through a farm-in agreement with publicly traded Second Wave Petroleum (SCSZF.PK).

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