Shoal Point Energy Ltd C.SHP

Alternate Symbol(s): SHPNF

Energy Oil & Gas E&P

Shoal Point Energy Ltd. is a Canada-based petroleum exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. It has partnered with Shelby Resources to explore for oil and gas in Kansas. Its ‘Humber Arm’ oil-in-shale play consists of two Exploration Licenses near offshore of western Newfoundland: EL 1070 and EL 1120. The Company holds an approximately 100% working interest in the Offshore Exploration License (EL) 1070 Shallow Rights and has the right to earn approximately 80% working interest in the Shallow Rights in the approximately 67,298-acres block in the Offshore Exploration License (EL) 1120. The Company also has an exploration license and farm-in rights to a second contiguous exploration license off the west coast of Newfoundland, which covers approximately 220,000 acres, contained in EL 1070 and EL 1120.

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Shoal Point Energy Ltd

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Comment by collinscon Jan 25, 2012 2:19pm

242 Views

Post# 19447866

RE: SHP AGM Timing

"They may announce results of these tests at the AGM or sometime soon after but it will be coming. We're also waiting for more results from last year. CIVC's July 26, 2011 NR states"

I do believe that any new results must come out before the AGM and not at the AGM. I also believe that new information constitutes a material change.All shareholders must have access to any new information at the same time. Not every shareholder will be at the AGM.

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