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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 Bluejay12on Mar 08, 2021 8:11am
188 Views
Post# 32741455

3rd well

3rd wellThese guys have enough funds to start 3rd well?? It would be ideal if this current well is a success, producing in the not to distant future, but what if it's not. They can't afford to drag this out for the rest of the year, not after last year's experience. Hoping they have success early, announce plans for the next one. If oil price holds at, or near these levels for the remainder of the year, good time to be a little more aggressive. Just my thoughts..
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