June 17, 2014
(VANCOUVER, B.C.) - Shoal Point Energy (the “Company) (CSE – SHP) is pleased to release
its first quarter financial results for the period ending April 30, 2014. General and Administrative
expenses for the three months ended April 30, 2014 were $0.2 million compared to General and
Administrative expenses of $1.8 million for the three months ended April 30, 2013. Excluding
stock based compensation, General and Administrative expenses for the three months ended
April 30, 2013 were $0.6 million.
The Company’s cash position, including term deposits, was $1,082,240 as compared to $631,707
at April 30, 2013. Working capital was $847,995 compared to the April 2013 working capital of
Additional information relating to the Company, including the Company’s financial statements
and management’s discussion and analysis for the three months ended April 30, 2014 is available
on Shoal Point’s web site at
www.shoalpointenergy.com and will be available on SEDAR at
www.sedar.com. All amounts are denominated in Canadian dollars (CDN$).
About Shoal Point Energy
Shoal Point Energy is a public company listed on the CSE under the symbol “SHP”. The core
asset of the Company is oil and gas interests in the Green Point Shale area in Western
For further information, contact Brian Fiddler at 416 637 2181, extension 315.