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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Comment by Hearne50on Jun 15, 2020 8:18am

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Post# 31150222

RE:RE:RE:RE:RE:RE:RE:RE:RE:Ellen...............where are you?

You're right Barry, the money is not just for drilling. Moving into the Primary Zone but other corporate areas needing the money too.

I agree, they are still looking to purchase more land........

All we need is to see The Primary opened up nad flow rates finalized but this doesn't stop them from moving into the second well.

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