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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

Post by barryt34on Jul 01, 2020 10:50am
108 Views
Post# 31212013

Happy Canada Day. 🇨🇦.

Happy Canada Day. 🇨🇦. Imo news is better next week because of the Canada day celebrations, I hope we get great flow test results soon. Part of me wants to sell all my other stocks and buy shoal point, but I'm going to hold my 1.1 million shares and keep my diversification on other sectors.  Something should come soon. Let's hope we see 100 to 150 barrels a day. 150 barrels a day would be around 180,000 a month less expenses.   The next 3 months should tell the shoal point energy story.  
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