Shoal Point Energy Ltd C.SHP

Alternate Symbol(s): SHPNF

Energy Oil & Gas E&P

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.

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Shoal Point Energy Ltd > Estimated Share price if we hit?

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Comment by barryt34on Jul 08, 2021 8:49pm

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Post# 33519400

RE:Estimated Share price if we hit?

Yes they are looking at bidding on more land in Newfoundland and they are now saying they are also looking at more opportunities in Kansas. Plus drilling the third well come early August. News could come on multiple fronts. The first well in Kansas is not plugged and abandoned like the second that didn't hit. The first well is suspended only. My guess is they will re enter it in the future. If we hit on the third well we could possibly have it on 2 of 3 wells. This could be a great trading opportunity or it could have great growth potential

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