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Bullboard - Stock Discussion Forum Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Energy Oil & Gas E&P
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 > Lease: I-T UNIT 1--first well
View:
Post by gpbhand14 on Jan 12, 2023 6:33pm

Lease: I-T UNIT 1--first well

I found the production numbers for the first well . This well will produce both oil and gas.  Can't tell too much from the  production numbers  Since they shut the first well 

Annual Oil Production, (bbls)

Year Production Wells
Production Plots
 
2022 857 1
Reported through 7-2022.
Note: bbls is barrels; mcf is 1000 cubic feet.		   Recent Monthly Oil Production, (bbls)
(Complete production available in file saved
using blue button at top of page.)
Year Month Production Wells Reporter or Purchaser/
Reporting Customer
2022 5 247.36 1 PLAINS MARKETING L.P. (100%)
2022 6 289.33 1 PLAINS MARKETING L.P. (100%)
2022 7 320.73 1 PLAINS MARKETING L.P. (100%)


https://chasm.kgs.ku.edu/ords/oil.ogl5.MainLease?f_lc=1052596958
Comment by barryt34 on Jan 12, 2023 7:11pm
That's with no pump, what will.be the numbers with a pump?  It's a interesting time with shp
Comment by gpbhand14 on Jan 13, 2023 3:53pm
yes no pump. The production numbers for the 3 months are just testing flow rates. SHP already stated back in May Shelby was producing 50 barrels per day on a constricted basis. Also remember there will gas produced with this well along with Oil.  Operator Shelby Resources has opened up two zones and is producing 50 barrels of oil per day with no water on a constricted basis. The operator ...more  
Comment by viksanta on Jan 13, 2023 1:38am
This post has been removed in accordance with Community Policy
Shoal Point Energy Ltd