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 Hearne50on May 21, 2020 9:24am

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Post# 31055398

Being realistic....

Just saying from phone calls I think the water issue continues to be ongoing..........they need to determine whether the Zone 2 is gas or water driven. They are still dealing with lots of water...

I don't think we can chart this Barry, have to be realistic about dealing with the water.

Then they move up to the Primary..........YES, it's taking time!!

I hope I'm wrong but seeing this move into summer...........

Best...

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