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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 Aug 19, 2021 6:14pm
111 Views
Post# 33737445

RE:WTI Crude spot prices down

RE:WTI Crude spot prices downThat's only good for the long term oil prices, there is not enough investment into oil and gas. the trick now is carbon credits.  I'm more worried about the great reset,  more then the price of oil. How long can they print money?  They are in a corner and can't get out.  Oil might climb with inflation, lack of investment and the extra cost of carbon credits.  Im confident the team at Giga are on top of the game when it comes to carbon credits.  You can almost say Shp has the expertise of Gigas board for free on this issue.  We are in good hands. We just need to hit oil.  I think the break even price if we hit oil was 20 a barrel. 
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