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Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Shoal Point Energy Ltd. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. The Company’s projects include Humber Arm Allochthon. It has the rights to the exploration lands covering approximately 220,000 acres in the near offshore of the west coast of Newfoundland. The Company holds exploration license 1070 (EL 1070) off the west coast of Newfoundland which totals approximately 150,000 acres. The EL 1070 in Newfoundland is considered to be an exploration and evaluation asset, as it is still in the exploration stage. The Company’s Pratt County project is considered a developed oil and natural gas property. The Company’s subsidiary is Shoal Point U.S.A. Inc.


CSE:SHP - Post by User

Bullboard Posts
Post by Blueknowser1on Dec 23, 2010 8:54am
314 Views
Post# 17887289

Trading Halt?

Trading Halt?I emailed management to see if I can get a response with regards to the trading halt; pending news, but no idea as to what it may be - on the CQV site, investor village, there seems to be a lot of question as to a buy-out of CQV.....should be interesting and good for both companies - or it may involve the delivery of the drilling rig to the location.  Ferry service from Nova Scotia to Newfoundland back up and running as the weather is finally subsiding here. 
SHP now holds over 80% of the lease, drilling to commence prior to mid January to maintain lease right and then potentially register as a proven reserve.  This does have major potential.  I do know that the major service providers in St.John's are expecting a lot of future work, which in itself seems promising.
Happy Holidays and glta!
Blueknowser
Bullboard Posts