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Bullboard - Stock Discussion Forum 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... see more

CSE:SHP - Post Discussion

Shoal Point Energy Ltd > Going to be some time yet.....
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Post by Hearne50 on May 20, 2020 3:21pm

Going to be some time yet.....

Reading your postings and hearing that the company want to do a good job on the secondary zone is meaning this will take time.   This water issue could take some time......!!!! 

I'm hoping after remembering what Black Gold wrote, that MJ just may pay for some of this work himself,  that he could get Well #2 going.

Looks like we may see fall before we start moving.........ALL MY OPINION!!
Comment by barryt34 on May 20, 2020 4:43pm
I think they will soon have the well set up they want it, in the last news release they said it could be 2 months and in this environment they did not want to rush it.  Imo they can turn up the pump anytime now and tap into the primary zone.  
Comment by Hearne50 on May 20, 2020 7:34pm
Not sure about that Barry, don't think the pump is being turned up yet.  They are continuing caution so not to challenge the well. STILL waiting to know whether it's gas or water driven.    Would help if they could start on Well #2 while they work on Well #1 To pay for this though.............it's still a waiting game.
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