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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 AisAmangon Mar 03, 2021 1:50pm
85 Views
Post# 32706347

RE:RE:RE:RE:RE:My guess is they are already drilling.

RE:RE:RE:RE:RE:My guess is they are already drilling.Do you think an announcement regarding developing Newfoundland will be dropped before the current well fails or succeeds?

If our well fails, I would consider buying back a wallop of shares in the half a cent to 3 cent range and wait for the fracking ban to be lifted.

If we can't develop a conventional well partnered with a pro in the area, what makes you think we could succeed in Newfoundland, ban or no ban. Isn't the Newfoundland play way harder to develop given the geology, weather, and politics involved?

It's my belief that we can pull off anything in Newfoundland that is shaken by the dawdling in Kansas and I have to have a plan going forward.
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