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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
Comment by myamigoon Feb 29, 2012 11:22pm
249 Views
Post# 19608910

RE: RE: RE: RE: RE: NWN Halted

RE: RE: RE: RE: RE: NWN Halted

I hear what you guys are trying to say about NWN possibly partnering with another company but that isn't happening at this point in time. The mandate for their next AGM includes voting on the deal that is in front of them now. If the shareholders decide to reject the deal then they can look at another partner but not before.

 

You might suggest that the news will be that the AGM agenda will be revised so the vote includes partnering with another company rather than the deal with SPE. It takes a lot of time to put together a deal like that. You don't schedule an AGM to vote on one deal and then a week later suggest another option came up out of the blue. Not gunna happen! But I might be wrong :-) <<< standard disclaimer

 

Again... we wait... and wait... and wait. Based on the other halts that the exchange has continued pending receipt of documents I'd say an anouncement that NWN will "Remain Halted" will come by friday or Monday at the latest or the reason for the halt will be revealed.

Bullboard Posts