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Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Energy Oil & Gas E&P
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

Shoal Point Energy Ltd
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Post by myamigoon Jan 17, 2012 10:31am
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Post# 19411738

Cased Hole Test ... FINALLY

Cased Hole Test ... FINALLY
 

Excerpt from SHP NR...

Operations: Shoal Point announces that it (and the operator DLMC) have received approval from the CNLOPB to continue cased-hole operations at its Shoal Point 3K-39 location; this stage of operations is expected to last 7-10 days and will prepare the cased borehole for sidetracking (3K-39z) and deepening of the well. Shoal Point and DLMC continue to work diligently with the CNLOPB to finalize all approvals for the deepening and testing of the well, and it is expected that all approvals will be forthcoming


Looks like I was right!
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30526898&l=0&r=0&s=SHP&t=LIST

CQV's July 7 2011 NR states:

The operation is proceeding to run casing to 1725 meters, and is planning, subject to CNLOPB approval, to run a cased hole test over the open lower carbonate-rich section of the well to the total depth of 1745 metres, from which promising hydrocarbon indications were encountered during drilling and logging operations.


We'll be hearing about what is at the 1745m level first. What do you think they'll find? :-)

 

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