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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Post by tickerhiton Apr 20, 2020 12:37pm

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Post# 30930238

West Texas Intermediate

crude for May delivery tanked 56%, or $10.24, to $7.98 per barrel, the lowest level since at least 1986. Meanwhile international benchmark, Brent crude, which has already rolled to the June contract, traded 5.2% lower at $26.62 per barrel. The June WTI contract, which expires on May 19, fell about 9% to $22.75 per barrel. The July contract was roughly 5% lower at $28 per barrel.

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