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 Hearne50on Apr 21, 2020 10:35am

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Post# 30933805

RE:RE:OK............explanation please

Yes, you got it!!! AND once the WTI gets back up, IF this water issue is still not diminshed then they can move on - Primary Zone to open up and then spud Well #2.

Waiting on water and pumping at a slow rate can take time.......but time to move on too!

Now to watch the WTI and see if Trump will produce storage!!

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