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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 Oct 10, 2021 5:03pm
157 Views
Post# 33993834

RE:RE:RE:RE:RE:RE:RE:Power Outages everywhere around the world

RE:RE:RE:RE:RE:RE:RE:Power Outages everywhere around the worldI would think pvf now owns the deep rights of our lease in Newfoundland also.  Brian is our operating manager and jock is our lead geologist in Kansas.  Both from pvf energy.  Shp wants to buy up more land in Newfoundland.  If we can form a partnership with pvf get garden hill flowing from new technology.  It will pay for a huge Newfoundland exploration drive. This will not come to reality until Newfoundland creates rules and regulations around fracking, they don't need fracking but it opens up more oil plays in Newfoundland. Imo they need there own drilling rig because of high costs in Newfoundland.   If Kansas is successful it opens up the door to many plays in the USA.  Again I think garden hill is a similar type play as mount evens, there is lots of research on companies drilling a conventional oil play and they don't hit oil because in reality it's a unconventional oil play but it don't need to be fracked. It needs to change the equilibrium.  Temperature change, chemicals, etc.  Again take my information with a grain of salt because I personally don't know what's going on. It's a guess from the research I'm doing.  If im correct Shp joined by 3 or 4 other companies will form a very large company.  Only my thoughts.  C02 capture is a very real possibility in this type of play also imo.  Giga is loaded up with very smart minded people focusing on carbon capture.  I see something here, something very big.  I just hope they shuffle assets in and not out.   But marks name is very important and Shp has marks name stamped deep into this compsny.  If we look at the larger picture, as long as they money printing machines keep printing inflation will go up, oil goes up and there will be no crash. Imo.  Carbon credits will also effect the price of oil. Lack of investment and more demand.  
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