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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 barryt34on Jul 31, 2021 9:28pm
333 Views
Post# 33637680

My rant on Newfoundland

My rant on Newfoundland I have a totally different view on the oil and gas industry now, I see a lot of companies failing and the companies that know the shift, they will be buying up the assets of the companies that fall behind. only my opinion. I feel with the west coast the garden hill well is extremely important, when that lease gets resolved then we will figure out what’s up with Newfoundland, pvf was 50 percent partners and nu oil gave the well up because of legal issues. As far as I know. There could be a lot coming out of Newfoundland. Shp in a statement said they are bidding on other land in Newfoundland, could that be garden hill? It’s a big well. Huge potential. Trust me Newfoundland is not dead but at the same time I think shoal point needs to prove themselves to the Newfoundland government. It will be very interesting to see if Shelby resources will partner with Shp on the next land package in Kansas if they acquire like they said they are planning. If so Shelby would be great partners along with pvf in Newfoundland??? Maybe. Maybe Shelby is just a one time deal. I feel mark is happy with Shelby so it’s a possibility.
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