Shoal Point Energy Ltd C.SHP

MONTHLY PROGRESS REPORT MONTH OF SEPTEMBER 2022

[tickerhit]

Provide a general overview and discussion of the activities of management.

Management is actively evaluating new opportunities both in Newfoundland and in other jurisdictions, including Kansas.

The Company entered into an agreement with Shelby Resources regarding three plays in Pratt County, Kansas. Shoal Point is participating as to a 6.5% working interest and has now drilled 2 wells in the first play and 2 wells in the second. The first well is shut in awaiting hookup to a gas pipeline. The second well is flowing oil with no pump assist. Third well undergoing completion and production testing. Fourth well is undergoing completion and production testing.

A fifth well is expected to spud in October.

[culjack]

We heard all this many months and years ago . PUMPERS : Its at .03 GREAT BUYING OPPERTUNITY !!!!!!!! Yaaaa i know you hate to see this posted .

[barryt34]

Who is pumping?  Why would I want the price to go higher when im buying shares. 

[HIKER2013]

THIS Guy says 3 cents was a great buying opportunity, he was right. wish i bought more HR

[barryt34]

I bought 550,000 shares over the last month. It's still a great deal. But more. There is a lot of what ifs but we have a great management team. 

[HIKER2013]

Wow you bought a pile,   you must have a few million by now. Your monthly buy is almost equal to my total holding HR

[barryt34]

3.2 million. My break even is .078. I lost a lot before the reverse stock split but I bought a lot at .035.   I trust mark  and team. I have been following and imo he is not making many mistakes like a few people on this board believe.  Im happy with the share structure also and happy with company spending. After the reverse stock split I notice deep pockets entering the play and I