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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 kentaloffishon Jan 30, 2018 10:24pm
78 Views
Post# 27467757

RE:Consolidation Question

RE:Consolidation QuestionThis is the way I understand it, for those who are more knowledgeable please correct me.<br /> <br /> You have 100000, with the reverse split you will remain with 4000 (100000 divided by 25)<br /> <br /> Since you purchased 100000 before Friday and if you exercise your right,&nbsp; it entitles you to purchase another 100000 at 0.002 cents. This 100000 will also undergo a reverse split leaving you with 4000 shares.<br /> <br /> So, if you exercise your right you will have 8000 shares. 4000 previously owned and 4000 from exercising the right.<br /> <br /> again just my understanding
Bullboard Posts