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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 Jun 01, 2023 8:32am
129 Views
Post# 35474403

RE:RE:RE:TRADING to .005

RE:RE:RE:TRADING to .005Why don't you understand the company and read the material before you comment, mark put 50,000 of his own money into the pp at .05 cents.  It hit .005 cents. That's a loss.  270,000 raised and mark put 50,000 in. This is not on the take, it's giving the company funds to continue.  He also don't have a wage.  There is no taking. 2 out of 6 wells producing, not the best results but it could be operating cash. Sounds like some people need to sell and move on. If your not buying on the dips you will get wiped out on this stock because of the reverse stock splits.  It's a dog of a company but so was ultra.  This is not a easy game to play and we all have extremely high risk and even more risk if your not keeping up with reading the material provided.  
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