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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 Oilseekeron Feb 07, 2012 1:41pm
280 Views
Post# 19500566

CQV June 2011 new release

CQV June 2011 new release

The test was conducted across a fracture set in the interval 1287m – 1331.1m (approximately 924 metres true vertical depth), and produced 2.67 m3 (17 barrels) of load fluid (drilling fluid invaded into the formation) over a combined flow period of 9 minutes. Build-up analysis and Horner extrapolation suggest initial linear flow behaviour (characteristic of a fracture system) followed by radial flow (characteristic of contribution of matrix to the fracture system) with reservoir pressure extrapolated at 8856 kPa (1259 psi). Since the well was still in the process of cleaning up, no significant live oil was recovered from the test fluid samples.

Sould flow without fraching, prosity I believe was high and saturation was as high as 82%.  Could be wrong have being before

Year of the Profit, OIlseeker

Bullboard Posts