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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 Nov 06, 2020 2:31pm
72 Views
Post# 31852832

RE:Anyone feeling for Newfield politicians now

RE:Anyone feeling for Newfield politicians nowNewfoundland politicians are not the brightest sense Danny Williams, Danny got blamed for bankrupting Newfoundland because of developing its hydro.  Danny Williams is a genius. All the major oil companies are moving over into renewables.  How much is the hydro worth now? Newfoundland could sell some of its share in hydro to major oil and gas companies that need to bring in renewables while at the same time getting the same companies to develop its oil and gas industry.  Newfoundland also should give insentives as in lower power rates to international companies to manufacture products in Newfoundland.  Start building industrial parks on the west cost of Newfoundland to develop international business.  Also Newfoundland has huge mineral and gold deposits, create a low regulatory environment to attract exploration, I feel they are doing a ok job with regards to mining exploration.  Newfoundland has dropped the ball when it comes to onshore oil and gas development, now more then ever Newfoundland needs investment into the province and revamp the rules and regulations within the onshore oil and gas industry, Newfoundland has a extremely bright future But they have to put there huge egos to the side and start working with what they have and make the province thrive.  
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