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Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

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

Bullboard Posts
Post by tickerhiton Sep 11, 2020 7:46pm
222 Views
Post# 31547360

After the PRIMARY ZONE has been fully tested

After the PRIMARY ZONE has been fully testedBased on the News Release July 21st stating......Commingling of the two production zones will be revisited when testing of the primary zone is complete 

After the Primary Zone has been Fully tested and Evaluated they then will revisite the other producing zones.

This all does take a considerable amount of time.

Here is more info on Commingled followed be a videoo.

Commingling is an efficient way of producing oil and gas. It is not an entirely new concept – OMV Austria has been using it for years after reviving it. Applying this technique, two reservoirs will produce at the same time instead of producing one after the other

https://www.youtube.com/watch?v=qvMv8JHOCvc#:~:text=Commingling%20is%20an%20efficient%20way,producing%20one%20after%20the%20other.
Bullboard Posts