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.

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Shoal Point Energy Ltd

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Post by tickerhiton Jun 04, 2020 5:49pm

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Post# 31113866

U.S. oil prices settle higher after data show high

compliance with output cuts, but traders await next move for OPEC +.

U.S. oil futures climbed Thursday, finding support from data that showed high compliance with pledged output cuts among the Organization of the Petroleum Exporting Countries and its allies. Traders, however, continued to await news on the next move for the group of producers who are expected to make a decision on an extension of the current output reductions. OPEC+ reduced production by around 8.6 million barrels per day in May, suggesting total compliance of 89% with the output cut deal reached in April, commodity data tracker Kpler tweeted Thursday. July West Texas Intermediate oil CLN20, +0.10% rose 12 cents, or 0.3%, to settle at $37.41 a barrel on the New York Mercantile Exchange.

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