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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 barryt34on Mar 26, 2021 4:10pm
84 Views
Post# 32888270

RE:Share structure

RE:Share structure 46 million shares after the reverse stock split.  20 million of that was shareholders before the reverse stock split.  Mostly deep pockets .  Imo 20 millions shares or less of this company are owned by us the public.  I'm going to guess 15 mill to 10 million. I own 2.5 mill of that amount.  So around 75 to 85 million of this company is owned by strategic deep pocket investors.  This is only my guess but let this sink in.  The last shake up was about 7 million shares. Shaking out the weak hands. They are positioned very well to develop a bigger play with or without Kansas.  I still think it's a 50/50 chance Kansas is still alive. Don't count it out yet.  
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