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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

View:
Post by tickerhit on Oct 27, 2020 12:37pm

Messages

I've checked my in box messages  Have you checked yours
Comment by barryt34 on Oct 27, 2020 1:43pm
Thank you ticker, I also feel news will be out within the next two weeks.  It's been a long wait but this management team knows what they are doing.  Remember the aim was 1 dollar a share.  
Comment by DreaminJim on Oct 27, 2020 1:57pm
I really hope you're right. I had a chance to speak with Erick, and he couldn't tell me much other than Shelby is still working on obtaining consistent flow rates. Never said if what they ae seeing are good or bad, just that they need it to be more consistent before they can be released.
Comment by barryt34 on Oct 27, 2020 2:38pm
Need it to be more consistent?  Meaning the oil is flowing?   So 7 to 35 barrels in the secondary zone on the lowest flow settings , oil is flowing in the primary but it needs to be more consistent before they give results.  At least we have something.  How much money are they making on oil I wonder?  Enough to drill another well?  How many months have it been?
Comment by barryt34 on Oct 27, 2020 2:40pm
3 months at 50 barrels a day would be almost enough to drill a well. I have no clue the numbers. Just a example
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