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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

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Comment by marvelmakeron Mar 07, 2017 3:42pm
88 Views
Post# 25946164

RE:RE:RE:crude

RE:RE:RE:crudewhy don't you just post it here crude for all of us to see, us shareholders. There is very little mention in the February report about any new business. See for yourself, unless you are referring to a vague paragraph: https://thecse.com/sites/default/files/SHPFORM7FEB2017.pdf MONTHLY PROGRESS REPORT Name of CNSX Issuer: Shoal Point Energy Ltd. (the Issuer). Trading Symbol: SHP Number of Outstanding Listed Securities: 544,158,743 Date: FOR THE MONTH OF FEBRUARY 2017 This Monthly Progress Report must be posted before the opening of trading on the fifth trading day of each month. This report is not intended to replace the Issuers obligation to separately report material information forthwith upon the information becoming known to management or to post the forms required by the CNSX Policies. If material information became known and was reported during the preceding month to which this report relates, this report should refer to the material information, the news release date and the posting date on the CNSX.ca website. This report is intended to keep investors and the market informed of the Issuers ongoing business and management activities that occurred during the preceding month. Do not discuss goals or future plans unless they have crystallized to the point that they are "material information" as defined in the CNSX Policies. The discussion in this report must be factual, balanced and non-promotional. General Instructions (a) Prepare this Monthly Progress Report using the format set out below. The sequence of questions must not be altered nor should questions be omitted or left unanswered. The answers to the items must be in narrative form. State when the answer to any item is negative or not applicable to the Issuer. The title to each item must precede the answer. (b) The term Issuer includes the Issuer and any of its subsidiaries. (c) Terms used and not defined in this form are defined or interpreted in Policy 1 Interpretation and General Provisions. Report on Business 1. Provide a general overview and discussion of the development of the Issuers business and operations over the previous month. Where the Issuer was inactive disclose this fact. On May 31, 2016, the Newfoundland and Labrador Hydraulic Fracturing Review Panel released a report on the socio-economic and environmental impacts of hydraulic fracturing in western Newfoundland. The Company is disappointed in the report, which recommends, among other things, significant further study before hydraulic fracturing could be considered. The Company is communicating with personnel in the provincial Department of Natural Resources, who have now been tasked with evaluating the report and reporting to the Minister.
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