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.

CSE:SHP - Post by User

Shoal Point Energy Ltd

Bullboard Posts

Post by Hearne50on Feb 26, 2020 10:56am

53 Views

Post# 30735457

Black Gold

Good Morning,

I wanted to break this down in 6-7 minutes for you guys but it went 13 minutes. For those of you who are invested in or are watching Shoal Point Energy (SHP/SHPNF), you'll want to hear this update, which includes behind the scenes details on well #1 and plans for well #2.

I believe things are going excellent on the ground in Kansas. But I explain why they don't just say "voila, we're producing X barrels per day!". It's a process, and I give some simple color so we all understand how/when the information will roll out.

Today's dip on the open was temporary in my opinion and I remain a buyer anywhere around .20 CDN to build a position in SHP. Here's the video: