Crown Point Energy said second-quarter 2026 results improved sharply as production and pricing rose, helped by oil sales from the Chubut concessions acquired in the fourth quarter of 2025. The company reported net cash provided by operating activities of $22.5 million and funds flow provided by operating activities of $17.4 million, compared with net cash provided by operating activities of $5.6 million and funds flow used in operating activities of $5.0 million in Q2 2025. Oil and natural gas sales revenue reached $69.2 million on average daily sales volumes of 9,158 BOE (barrels of oil equivalent) per day, up from $22.2 million on 4,083 BOE per day a year earlier. Realized prices averaged $4.99 per mcf (thousand cubic feet) for natural gas and $90.24 per bbl (barrel) for crude oil, versus $3.45 per mcf and $67.26 per bbl in Q2 2025. Operating netback (sales less royalties, taxes and operating costs) rose to $25.75 per BOE from negative $7.50 per BOE, while the company recorded income before taxes of $9.3 million, a deferred tax provision of $0.1 million and net income of $9.2 million, compared with a loss before taxes of $9.1 million, a deferred tax recovery of $3.4 million and a net loss of $5.7 million a year earlier. Crown Point issued $17.6 million of discounted promissory notes and repaid $32.4 million of working capital loans and discounted promissory notes during the quarter, reducing its working capital deficit to $63.4 million at June 30, 2026 from $71.8 million at December 31, 2025. After quarter-end, it completed a rights offering that raised $30 million, repaid a $29.9 million loan plus $0.1 million of accrued interest owed to Liminar Energia S.A., and said it is negotiating Tierra del Fuego concession extensions while planning about $54.3 million of 2026 capital spending.