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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 > MONTHLY PROGRESS REPORT for the month of SEPTEMBER
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Post by tickerhit on Oct 10, 2023 10:29am

MONTHLY PROGRESS REPORT for the month of SEPTEMBER

Provide a general overview and discussion of the activities of management.

Management is actively evaluating new opportunities both in Newfoundland and in other jurisdictions.

The Company entered into an agreement with Shelby Resources regarding three plays in Pratt County, Kansas. Shoal Point is participating as to a 6.5% working interest and has now drilled 6 wells of which 1 was abandoned. Total production from 3 wells is averaging 29 barrels of oil per day and 30 MCF gas per day.
Comment by tickerhit on Oct 10, 2023 10:37am
An increase of 7 barrels per day compared to last month.
Shoal Point Energy Ltd