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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 Mar 26, 2022 11:39am
200 Views
Post# 34548179

RE:RE:RE:Drilling time line

RE:RE:RE:Drilling time lineThe first well had oil. The second nothing, and the third nothing. I think the second and third wells were to test the quality of the feild for carbon capture or maybe the brine. I could be totally wrong.   Pratt is in a total different location and I'm guessing it will be a simple process without testing the flows.   I think this is only a simple deal to get cash flow, but saying that I don't rule out possible extraction of minerals from the brines or carbon capture.  Both of these technologies will be key to Shp future imo. Technology is key to the future of oil and gas.  Carbon capture, extraction of rare earths in brines.  Both could be huge money makers 
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