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 Ont. and Vancouver, BC.

We are dedicated to exploration and development of the oil rich shales of the Humber Arm Allochthon, which we believe contains an undeveloped oil resource as large as any in North America.

Why Shoal Point?

  • Morningstar Consultants 51-101 compliant report has a best (middle) case estimate of 6.5 billion barrels of total undiscovered Petroleum Initially in Place (PIIP) under SHP leases.
  • Of this total, 428 million barrels, is considered prospective or potentially recoverable.
  • Canadian jurisdiction with access to deep sea ports, close proximity to one of the largest oil markets in the world, and access to premium international pricing for the oil.
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. (view report here) 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.

Review Panel Submission

The link below leads to Shoal Point Energy’s cover letter to the Review Panel. At the end of the cover letter are links to other submissions by Shoal Point to the Panel, including letters, articles, and peer-reviewed scientific papers.

Submissions to Newfoundland and Labrador Hydraulic Fracturing Review Panel

Final report from the Newfoundland and Labrador Hydraulic Fracturing Review Panel