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.

CSE:SHP - Post by User

Shoal Point Energy Ltd

Bullboard Posts

Post by Hearne50on Feb 26, 2020 10:56am

49 Views

Post# 30735457

Black Gold

Good Morning,

I wanted to break this down in 6-7 minutes for you guys but it went 13 minutes. For those of you who are invested in or are watching Shoal Point Energy (SHP/SHPNF), you'll want to hear this update, which includes behind the scenes details on well #1 and plans for well #2.

I believe things are going excellent on the ground in Kansas. But I explain why they don't just say "voila, we're producing X barrels per day!". It's a process, and I give some simple color so we all understand how/when the information will roll out.

Today's dip on the open was temporary in my opinion and I remain a buyer anywhere around .20 CDN to build a position in SHP. Here's the video: