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.

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Shoal Point Energy Ltd

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Post by billk2on May 17, 2005 2:11pm

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Post# 9045837

news

Southern Pacific to buy North Dakota prospect Southern Pacific Development Corp (TSX-V:SHP) Shares Issued 22,461,032 Last Close 5/16/2005 $0.14 Tuesday May 17 2005 - News Release Mr. Tim Henneberry reports CONDITIONAL ACCEPTANCE Southern Pacific Development Corp. has received conditional acceptance with respect to its proposed acquisition of a working interest in an oil and gas prospect located in Stark county, North Dakota, as reported in news in Stockwatch on May 3, 2005. Final acceptance for filing of this transaction is subject to the company having the financial resources to finance its property payment obligations (in this case, the drilling costs), and to recruit a suitable director with oil and gas expertise.

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