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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
Comment by CANOILon Jul 11, 2017 3:04pm
109 Views
Post# 26456855

RE:RE:RE:RE:SHP getting on the radar again

RE:RE:RE:RE:SHP getting on the radar againHi Wisecrow, I believe that the bypassed zone that George's team have identified may prove to be a quick way to get a natural flow and be connected enough to qualify as a significant discovery. I check C-NLOPB regularly and haven't seen any ripples yet but the 25th meeting could turn up something. EL1070 lower has always had potential hence the Enegi retention when SHP was after shale.  ST#3 Flow test exercise to be completed after 15-30 days data collection. I think the milling out has already been completed as PVF were mobilised on site even before approval that's over ten days ago now. Pressure Data is the key and will determine the lift used, my guess would be an ESP as this was previously considered the most cost effective solution. I wouldn't worry about the natural flow its the pressure depletion and connectivity that's important, the pump will obviously be key in the management of a sustainable final flow

Bullboard Posts