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Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

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.


CSE:SHP - Post by User

Bullboard Posts
Post by ikster2on Jan 05, 2018 2:43pm
109 Views
Post# 27292426

i like this quote from last update..somethings going on!

i like this quote from last update..somethings going on!Our only way forward in pursuit of a Significant Discovery on EL 1070 remains within 3K-39.  Accordingly, our current engineering focus is on what activities in this bore hole, that are consistent with our regulatory approvals and licence rights, have a good likelihood of resulting in a Significant Discovery without hydraulic fracturing.  We expect to be able to report on our plans in the near future.”

Bullboard Posts