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

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Comment by delion Feb 26, 2020 4:48pm

92 Views

Post# 30737768

RE:COULD THIS BE A TAKEOUT TARGET?

I don't doubt that we will eventually be a takeover target but I don't see that happening for several years. Shoal is just in it's infancy and Mark Jarvis and his team have not gone to all this time, effort and expense just to sell the company for a $1 or $2 per share.

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