Shoal Point Energy Ltd C.SHP

Alternate Symbol(s): SHPNF

Energy Oil & Gas E&P

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.

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Shoal Point Energy Ltd

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Post by JamJam123on Jul 21, 2017 12:38pm

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Post# 26495401

Holly molly

EL1070

- EL1070 in strata below the base of the Green Point Formation, it is offshore however – "The main target within the EL1070 Deep Rights is the Shoal Point prospect, which is a 'conventional' exploration target, and is reachable from an onshore location." – and covers 1,030.4 km2
- EL1070 classified as P50 category and there have been indications of "1.555 Billion of Barrels of Oil in place" https://goo.gl/WbaBdo / https://goo.gl/jwSHw1 and a ranged estimate “from a P50 case of 1.5 billion barrels, up to a P10 case of 5.2 billion barrels” https://goo.gl/H3KJk9

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