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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

Post by Hearne50on Dec 09, 2020 2:16pm
162 Views
Post# 32069161

Management push for the best....

Management push for the best....IF Well #1 turns out to be under flow rate expectation  they move on......even when I talked about this with Erick he was talking Well #2 in the making and NOT discounting the area where this oil is.........(barry will correct me as I can't remember the parcel of land)

But this area is rich in oil!!!   

My thoughts.........think with all the challenges with mud and rain with the Secondary Zone and then with the Primary, it's backed up the timing with actual oil pumping.    Getting the rates takes time.............how long have they been able to concentrate on the oil flow itself???    



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