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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

Comment by barryt34on May 20, 2020 12:42pm
65 Views
Post# 31051929

RE:RE:RE:Barry...........

RE:RE:RE:Barry...........He told me the same Jim, they want to do a good job on this well.  Also they have always been looking at other plays.  It's a great time to pick something up.  I have been a investor with this company long enough to understand how they work.  They move at a snails pace but they do everything correct,  even though mt evens will be a great play they are looking for other gems.  We also have to understand the pump jack is on the lowest setting, as the water lever drops and the hit more oil the pump jack can be turned up to pump more oil and water.  That's how I understand it.  Good luck everyone 
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