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 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.
Why Shoal Point?
- 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.