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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 Fierzeon Feb 27, 2019 5:16pm
48 Views
Post# 29420173

RE:RE:RE:RE:I hope Jarvis sells Shoal Point ASAP

RE:RE:RE:RE:I hope Jarvis sells Shoal Point ASAPSo that means you, as a SHP shareholder, are fine with having a CEO that spends almost no time on the company you are invested in?

As a shareholder in a company there is nothing strange about voicing your concerns if and when they arise. In fact it is expected, since your equity stake lets you actively participate in company decisions at the AGM.

For me as a Giga owner, SHP is not a big problem right now since Mark's #1 priority is clearly Giga, but once the permitting stage is reached the SHP holding could look bad and should be divested. I also believe this could be a positive thing for SHP shareholders who deserve management with 100% focus on the company.

The part that does bother me more is if money that was raised for Giga Metals is instead used to pay bills or salaries in SHP. But don't worry, I will contact the company directly with these questions, I just wanted to see how many others on this forum that had the same concerns.
Bullboard Posts