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

Bullboard Posts

Post by ETFguyon May 12, 2013 7:37pm

151 Views

Post# 21370446

Fracking!

The Newfoundland Goverment is currently working on Fracking Legislation, as they don't have one.

Expecting Legis. by mid summer or earlier. Usually takes month and half to reach desicion.

Why wouldn't they allow such a bussiness. One can look at the oil sand's reach province and their unemployment rate and current Newfoundland unemployment rate, no further comment on the beneffits.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week