Crescent Point Energy acquires Wave Energy

8/31/2009

Crescent Point Energy acquires Wave Energy

Crescent Point Energy Corp. has entered into an agreement to complete the strategic Lower Shaunavon consolidation acquisition of Wave Energy Ltd. Wave currently has the largest land position in the Lower Shaunavon resource play in southwest Saskatchewan, with more than 150 net sections of land and access to net original oil in place estimated by the company at more than 1 billion bbl.

With the successful completion of the arrangement, Crescent Point will control a total of 259 net sections in the strategic core of the Lower Shaunavon resource play.

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