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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 waranton May 13, 2014 8:52am
417 Views
Post# 22554113

Interesting?????

Interesting?????It always amazing to see how other peoples just don't give a #uc# about other peoples when money is involved. I like to see the oil and gas come from the west coast as much as anyone but not at the cost of the peoples health or the animals in the area. 

Fracking is not 100% gauranteed not to polute or cause harm to peoples. What peoples fail to take into consideration is that all areas available to frack are not all the same. In NL you have to take into consideration that under the Atlantic Ocean, it is a known fact that continental shelf of NL is a highly faulted area and fracking can open areas so that gas and oil can easily escape into the water. Then you got to take into consideration the Labrador Current and the Gulf Stream that surrond NL all the time and any body from NL knows that it is always a wind island, how far and for how lond would any gas leak be poured over NL from the windy climate. Just look at what they want to do frack an highly shalely area that for years oil and gas seeped up to the surface because of the faults, but that seepage the enviroment could handle this, but when you explode explosivies in that same area and then pump maga tonnes of pressure into the formation, along with the maga weight of the the Atlantic Ocean who in there right mind can say it is NO PROBLEM. Do the research for the conditions around NL first and the sea bed. It's not right to this just because peoples put a lot of money into this play. Who is going to come up with the money if this goes terrible wrong to fix it and what then about the peoples of NL. All you will hear then oh well the government approved it.
 It's a sad situation we find our selves in, some peoples with the love of money in there heart and could't care about other peoples. IMO    
Bullboard Posts