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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 ikster2on Jan 05, 2018 2:43pm
111 Views
Post# 27292426

i like this quote from last update..somethings going on!

i like this quote from last update..somethings going on!Our only way forward in pursuit of a Significant Discovery on EL 1070 remains within 3K-39.  Accordingly, our current engineering focus is on what activities in this bore hole, that are consistent with our regulatory approvals and licence rights, have a good likelihood of resulting in a Significant Discovery without hydraulic fracturing.  We expect to be able to report on our plans in the near future.”

Bullboard Posts