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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 Jul 15, 2016 10:43am
115 Views
Post# 25055714

Pro fracking letter

Pro fracking letter
 

Letter: Fracking could well be a game changer

I write in reply to MP Nick Whalen’s July 11th letter, “Charting a new course for growth in Atlantic Canada.” Perhaps it will give Mr. Whalen some food for thought and encourage him to go after the government to help develop the huge oil discovery on the west coast of Newfoundland.

The panel that spent 18 months researching the effects of fracking reported that the oil discovered there would not be a game changer for Newfoundland. An independent study suggested there could be as much as 6 billion barrels embedded in the shale at Shoal Point. This would not amount to a “game changer”? Who are you prepared to listen to, a panel that had no oil expert on board, or the experts who did the study?

I just finished reading Natural Minister Siobhan Coady’s biography and was very impressed. However, I’m very disappointed that with her solid business background she is not doing more to develop the west coast by allowing fracking of the huge oil resource there. This development could build new towns, new schools, new neighbourhoods, yet her government gives in to the concerns of about 200 people who are mostly retired and well-off. Their concerns are selfish ones with no thought for the people who could benefit greatly if this project were allowed to go forward.

I was born and raised in Newfoundland but I have to say that the inability of every Newfoundland government to make sound business decisions just boggles my mind. Our province is broke. Sure, there are some new oil discoveries offshore, but it will take years to develop them. We have a chance now to receive almost immediate results from Shoal Point and yet no one has the courage to say, “Let’s go.” Quebec has given the go-ahead to frack Anticosti Island (after placing a moratorium for a short period) and they will be off and running if they strike oil, leaving Newfoundland far behind.

The government’s latest mistake was in appointing a panel that could not make a decision, so they put a “pause” on fracking. How many people do you actually know who have been harmed by fracking?

I’m suggesting that elected officials in N.L. use their brains to help the province out of the mess it’s in and make a wise decision for a change.

Amy King

St. Lambert, Que.

Formerly of Bell Island

Letter: Fracking could well be a game changer

I write in reply to MP Nick Whalen’s July 11th letter, “Charting a new course for growth in Atlantic Canada.” Perhaps it will give Mr. Whalen some food for thought and encourage him to go after the government to help develop the huge oil discovery on the west coast of Newfoundland.

The panel that spent 18 months researching the effects of fracking reported that the oil discovered there would not be a game changer for Newfoundland. An independent study suggested there could be as much as 6 billion barrels embedded in the shale at Shoal Point. This would not amount to a “game changer”? Who are you prepared to listen to, a panel that had no oil expert on board, or the experts who did the study?

I just finished reading Natural Minister Siobhan Coady’s biography and was very impressed. However, I’m very disappointed that with her solid business background she is not doing more to develop the west coast by allowing fracking of the huge oil resource there. This development could build new towns, new schools, new neighbourhoods, yet her government gives in to the concerns of about 200 people who are mostly retired and well-off. Their concerns are selfish ones with no thought for the people who could benefit greatly if this project were allowed to go forward.

I was born and raised in Newfoundland but I have to say that the inability of every Newfoundland government to make sound business decisions just boggles my mind. Our province is broke. Sure, there are some new oil discoveries offshore, but it will take years to develop them. We have a chance now to receive almost immediate results from Shoal Point and yet no one has the courage to say, “Let’s go.” Quebec has given the go-ahead to frack Anticosti Island (after placing a moratorium for a short period) and they will be off and running if they strike oil, leaving Newfoundland far behind.

The government’s latest mistake was in appointing a panel that could not make a decision, so they put a “pause” on fracking. How many people do you actually know who have been harmed by fracking?

I’m suggesting that elected officials in N.L. use their brains to help the province out of the mess it’s in and make a wise decision for a change.

Amy King

St. Lambert, Que.

Formerly of Bell Island

Bullboard Posts