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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 Bluejay12on Mar 09, 2021 9:35am
123 Views
Post# 32751280

RE:RE:RE:3rd well

RE:RE:RE:3rd wellGood point, these guys only announce the bare minimum. Some companies give updates on a regular basis just to keep investors engaged, doesn't have to major news. I spoke with the local PC member here yesterday, questioned him on their plans if they form the next government. Basically they want to create jobs, which means developing our natural resources, which we have a lot of. He said they would be looking at everything. With regards to the west coast, shoal point area, he thinks there is exploration going on over there now, but wasn't sure for certain. I don't know if fracking would be a part of the picture but conventional drilling yes. He said there are no applications for anything over there now. If they get elected, hopefully that area gets revisited. For now, let's hope for success in Kansas.
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