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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 maineriskon May 23, 2022 10:56am
174 Views
Post# 34702045

Shoal Point to Participate in Second Pratt County Prospect

Shoal Point to Participate in Second Pratt County Prospect Vancouver, British Columbia--(Newsfile Corp. - March 25, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the first well of the exploration play in Pratt County, Kansas, operated by Shelby Resources and disclosed in a news release dated March 10, 2022, is planned to commence drilling later today.

No news.  This is the same thing that happen with the first well drilled.  Waited six months for news.  News came and the well was dry or something failed in the casing.  No oil to be gotten on that well.

The quote "No News is Good News," in this case is, there isn't any good news to be had or you would have gotten it right away.

You have pumpers like Barry that continue to post anything to keep you interest and you can't blame anyone who has money invested to keep it going.  

I would like to see Shoal Point Energy hit oil and perhaps the next well might be the one.  If that might be the case, except news and pently of it and it will come immediately not keeping you on pins and needles for months on end.

Just sharing my opinion. 

I am still a share owner.  I like you, I would like to see the price go up to help offset my lost.  

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