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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 Apr 28, 2022 4:02pm
232 Views
Post# 34640145

I feel bad for the long term holders.

I feel bad for the long term holders.

All my money is tied up into shp, I own one other small holding but Shp has been where I put my money.  I feel bad for a few long term holders that have been waiting 15 years or so, they know the possibilities of our Newfoundland asset. Some bad luck and a lot of politics.  I have lots of up and down days and a lot of hours put  into researching. People might think I'm crazy but im still a firm believer in Shp.  I know mark goes after big plays and he wouldn't waste his time after a 6 percent stake in a shity oil  feild unless he is testing a theory.  I know this is big and because of the way mark is focusing on Kansas it tells me this is not about cash flow,  this has to be something different, it could still be about oil, but it's definitely not about a 6 percent stake in this drill.  For me there are 4 options.  "Cash flow from low risk drilling with a very small stake in a low flow rate of oil" "direct lithium extraction" I'm not even sure if there is lithium in the brine but it's a guess.  Carbon capture,  this would have something to do with the really thick layer of salt in this location or a oil brine with a heavy salt content.  Kansas seems very serious about carbon capture, my last thought is still EOR using carbon and maybe a mixture of other chemicals, or even the dilling techniques, most old oil fields that are not in equilibrium still have around 70 percent oil intact.  I hope to see some new technology to extract this oil.  This company has a solid backing for something huge to take place,  it could be a gamble or they already know it will be a success.  I go to bed most nights either excited or upset with the outcome but ever morning I wake up with excitement because from my research I know something great will come out of this   If not  fair enough   It was enjoyable to learn about the technology and possibilities    Good luck  

 

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