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Bullboard - Stock Discussion Forum 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... see more

CSE:SHP - Post Discussion

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Post by Lennoc on Aug 04, 2021 9:35am

Drill rig

So the big question is when do we start drilling the 3rd well? News this week???
Comment by Hearne50 on Aug 04, 2021 4:09pm
Could be anytime...........I'm thinking outside two weeks but should be sooner....
Comment by barryt34 on Aug 04, 2021 5:06pm
The second Mount Evans well has been plugged and abandoned. A third Mount Evans well is expected to start drilling in the third week of August.
Comment by HIKER2013 on Aug 04, 2021 10:09pm
Think share price should rise up in anticipation... HR
Comment by AisAmang on Aug 04, 2021 10:31pm
Two weeks behind schedule isn't tragic unimpressive, but not tragic. You say early August with oodles of time to prepare, it should be early August. It has not escaped my attention that no dilution has taken place to drill this well though, that's something.
Comment by barryt34 on Aug 05, 2021 12:07am
It looks like the two rigs are flat out, they own 4 rigs I would guess they don't have the staff and it's only a guess to start up a third rig.  I agree they should be on time but at the same time they don't care what we think.  They are doing what they can to get the most share holder value.  Maybe I should just say value, not share holder value.   
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