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Bullboard - Stock Discussion Forum
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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CSE:SHP - Post Discussion
Shoal Point Energy Ltd
> chinese company awarded contract
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•••
domdom03
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Post by
domdom03
on Apr 16, 2021 1:03pm
chinese company awarded contract
just heard on ntv newfoundland awarded contract to chinese company to drill offshore. what gives shp has been after drilling but always turned down
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•••
barryt34
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Comment by
barryt34
on Apr 16, 2021 2:08pm
Because shoal point was onshore to offshore and at first they wanted to frack, Totally different. Plus it wasn't the right time to develop that shale play anyway. They would have lost a lot of money in the oil down turn unless they hit a conventional pool. That's a totally different story. With the lack of investment in oil and gas. The next few years imo will be the
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