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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 > Primary Zone - When completed
View:
Post by tickerhit on Jul 23, 2020 11:44am

Primary Zone - When completed

From the News Release...

Oil from the primary zone has been connected to the on-site storage tanks and pumping has commenced. 

More....

Commingling of the two production zones will be revisited when testing of the primary zone is complete.
Comment by tickerhit on Jul 23, 2020 11:48am
Now, there is a posibility that we may or may not see a news release after the testing of the primary zone, but a news release when all zones is completed !!! Just my opinion
Comment by Hearne50 on Jul 23, 2020 12:33pm
Thanks Tickerhit..........I'm thinking both zones too before releasing news. Total barrels per day with Well #1 is better for news..........still more time? They should now I would think the average flow rates per day..........again only my opinion........There is always an outside margin to play with when a company gives a few weeks.
Comment by ariesleaf on Jul 23, 2020 2:02pm
Now just sitting and waiting for news to come.
Comment by mainerisk on Jul 23, 2020 3:32pm
Well a good business man would tell you he would have an answer for you in two weeks knowing that he would have the answer in a week to ten days in order to have some breathing room. 
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