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... see more

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CSE:SHP - Post Discussion

Shoal Point Energy Ltd > MONTHLY PROGRESS REPORT for the Month of July

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Post by tickerhit on Aug 08, 2023 4:21pm

MONTHLY PROGRESS REPORT for the Month of July

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

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

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 6 wells of which 1 was abandoned. Total production from 3 wells is averaging 22 barrels of oil per day and 50 MCF gas per day.

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