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.