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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.


CSE:SHP - Post by User

Shoal Point Energy Ltd > New well to be drilled
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Comment by Lennocon Apr 14, 2022 2:14pm
142 Views
Post# 34604566

RE:New well to be drilled

RE:New well to be drilled
This is positive news. IMO the first well has hit oil and they are going on to the second lease. If this one hits oil they will go on the third lease. If all goes well they will go back the the most productive leases and drill more wells. A plus plus. We will soon find out what other opportunities the company is going after. Hang on. This could get exciting.
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