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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 magnuswaveon Nov 06, 2020 4:06pm
67 Views
Post# 31853430

RE:RE:Anyone feeling for Newfield politicians now

RE:RE:Anyone feeling for Newfield politicians nowDon't disagree with any of your points but perhaps the pain is well deserved. They still don't have a ruling on fracking and more importantly a company like shoal could prove up a conventional industry and create jobs, royalty and a flood of ivnestment.  The market participants have voted with their feet and wallets.  Much easier to do business elsewhere regardless of how much oil sits idle. Expect more begging for federal funds to make sure the 20 or so cottage owners have an unobstructed view on shoal point and other prosperous resource land
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