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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 wajacon Jun 25, 2018 10:58am
57 Views
Post# 28223724

RE:RE:RE:RE:RE:CBC News - NL/Labrador exploration.....

RE:RE:RE:RE:RE:CBC News - NL/Labrador exploration.....Hearne there is not much the Government can do. The fact is that there is no interest in western NL and hasn't been for years. Parcels of land are offered but usually there aren't any bids. On the other hand the offshore is booming. The lifting of the moratorium on fracking might help a little but it would not be the catalyst some think it would be. Shoal Point Energy hasn't any money  and the lifting of the moratorium would not change that. All the companies involved on the west coast are little companies with no financial resources and unless they are able arrange farm- ins with majors  nothing positive will happen. That is Shoal Point's only hope. And for that to happen they have to be on the road telling their story to anyone willing to listen. And to be honest I'm not aware if that is happening. So I'm not optimistic. I've been a shareholder for a long time; first Canadian Imperial,  now Shoal Point  and I would love to be wrong!
Bullboard Posts