Shoal Point Energy Ltd C.SHP

Spud today

[barryt34]

Rig Activity 9/2/2021

RIG #1:
Company:
Lease Name:
County:
Depth:

RIG #2:
Company:  Shelby Resources, LLC
Lease Name:  Wells Trust #1-1
County:  Pawnee
Depth:  Rig Up & SPUD Today

[barryt34]

Shoal Point spuds third Mount Evans well Vancouver – Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE – SHP), announced today that the Company has spudded its third well at the Mount Evans project in Kansas. Shoal Point has a 65% working interest in the project and privately held Shelby Resources has a 35% working interest. About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public

[Hearne50]

Thanks Barry - cheers to success!!!!

[barryt34]

New structure, new hope.  I mapped out the seismic plots last night. The wells they are picking are on the boarder of the seismic.  That tells me they are still looking for data.  They might not be picking the best locations for drilling. Only my thoughts.  Good luck.  

[Hearne50]

Barry these are questions for calling in........good questions,..... :-)

[Bluejay12]

I'm guessing they are drilling where they think the best chances of having a successful well, that will produce oil, is located. Hopefully, third times a charm. Get that initial success, changes everything. Good luck everyone..

[barryt34]

If you plot the 3 wells on a map. And you do a 10km zone.  Each well is on the boarder of the seismic.  In a triangle pattern. So I think they are testing and looking for data.  I could be wrong. Maybe they didn't do the seismic in a square pattern. It looks this way if you ask me.  Just a point of view from me plotting out the wells 

[barryt34]

I posted the info on ceo.ca. How I plotted the wells, im not a Professional so take the info with a grain of salt. 

[uptowndog1]

So is a wildcat well????

[barryt34]

Yes it says "wildcat" on the intent to drill form

[barryt34]

What You Should Know as a New Petroleum Employee About Wildcat Wells and Exploration. Wildcat wells are an essential part of the exploration process, and can be defined as the first well to be drilled in a geographic region. ... They are often referred to as exploratory or exploration wells.