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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

Comment by Jessie157on Dec 16, 2020 9:21am
115 Views
Post# 32117403

RE:RE:If the first well is a DUD where does this land us?

RE:RE:If the first well is a DUD where does this land us?

I would like to think that MJ would have pulled the plug a long time ago if this were a dud. Having said that I'm not sure if the decision is entirely his to make. 

'it doesn't make a lick of sense to continue with this charade if there wasn't anything there. Whether they have enough to call it a commercial success perhaps would be the bigger question.  It was MJ who first spoke of commingling. Perhaps we aren't there yet.

you can't un ring a bell so I'm guessing they're waiting for the best news possible rather than some half assed announcement.  

we are  all guessing at this point but like Hearn I'm way past news and I need this to happen as 90% of what I own is SHP.




 

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