CSE - SHP

Shoal Point Energy Ltd.

Shoal Point Energy Ltd. is a petroleum exploration and development company with offices in St. John’s, NL, Toronto, ON and Vancouver, BC.

We are involved in exploration and development of the Mount Evans prospect in Kansas, a shallow conventional play, and remain committed to exploring our assets in Western Newfoundland, which we believe contain a large unconventional oil resource.

AGM being held on July 30 2019 at 10 am in the Shoal Point offices located at #203-700 West Pender Street, Vancouver, BC


Why Shoal Point?

Mount Evans

  • Impressive track record in partner Shelby Resources LLC, a private company, who have drilled 230 wells in Kansas since 1995 with an overall success rate of 70%.
  • Mount Evans’ primary target is the Pawnee Sandstone, which has produced an average of more than 170,000 barrels of oil from each of 9 wells in the immediate vicinity.
  • Plan is to perform a 3-D seismic shoot then drill the conventional structures. This is the approach that has led to Shelby’s success.

Humber Arm Allochthon

  • Shoal Point remains committed to working with the politicians and regulators to explore and develop its assets in Western Newfoundland.
Cautionary Statement

This website refers to an NI 51-101 compliant resource study with an effective date of March 31, 2014 by Morning Star Consultants which summarizes estimates of Petroleum Initially in Place (PIIP).

Readers are cautioned that the estimate of remaining recoverable resources (un-risked) includes prospective resources that have not been adjusted for risk based on the chance of discovery or chance of development. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. Actual recovery is likely to be less and may be substantially less or zero.