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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 10:32am
398 Views
Post# 17887868

Not to panic.....

Not to panic.....
I posted this note on the CQV site:

It is probably a waste of my breath, but don't panic fellow shareholders - there is no chance the Canadian Newfoundland Petroleum Board will not allow CQV and SHP to go ahead prior to the 15th......I am surprised the company released the information with the given tone - the petroleum board is constantly trying to promote drilling in Newfoundland, this is simply a matter of their stretching their wings and strutting a bit....the I's and T's were probably not dotted and crossed properly, but mark my words, this won't stop the rig from spudding the well - worse case senario, under these circumstances, the petroleum board would extend the permit until all was in order.....I get the impression there will be quite a few shares picked up cheap with a near-sighted news release like this......not even remotely acceptable at this stage of the game. 
Blueknowser
Bullboard Posts