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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 lourobon Mar 30, 2016 11:16pm
64 Views
Post# 24713936

Spring report

Spring report

N.L. fracking report coming in ‘the spring’: minister

image: https://www.thetelegram.com/media/photos/unis/2013/10/11/photo_2455433/author_thumbnail.jpg

Ashley
Ashley Fitzpatrick

Report on independent review originally expected in October

When the province’s fracking review panel was named in October 2014, then-minister of Natural Resources Derrick Dalley said a final report from the panel was due within one year.

But as of October 2015, the work of the expert panel — Ray Gosine, Graham Gagnon, Maurice Dusseault, Wade Locke, and Kevin Keough — continued.

The provincial department still does not have a final report, but is expecting one at some point next season, with no specific deadline set.

Related stories:

NL appoints fracking review panel

Too little, not too late say N.L. fracking opponents

“The final report from the hydraulic fracturing review panel will be released to the provincial government and to the public in the spring,” reads a statement supplied on behalf of current Natural Resources minister Siobhan Coady.

While on the campaign trail, the Liberals promised consideration of the review panel’s work, but also a look at whether or not a company proposing an onshore or nearshore oil project involving use of hydraulic fracturing actually held the social licence to move forward.

“Any future decisions regarding the hydraulic fracturing industry will be based on scientific evidence, and most importantly, on a social licence from the Newfoundlanders and Labradorians who may be affected,” Coady reiterated in the statement this week.

afitzpatrick@thetelegram.com


Read more at https://www.stockhouse.com/companies/bullboard/bullboard/c.shp/shoal-point-energy-ltd#2bfHL6kw58DK40XG.99
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