Shoal Point Announces Proposed Consolidation and Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) (the "Company"), announced today that the Company intends to consolidate all of its issued and outstanding common shares on a 2:1 basis (two old common shares for each one new common share) (the "Consolidation"). The effective date of the Consolidation and the new CUSIP for the common shares will be announced in the coming days.In addition the Company announces a non-brokered...
2023-03-22 4:10 PM EDT
Shoal Point Provides Update on Pratt County Operations
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today provided an update on its Pratt County, Kansas operations. Shoal Point has a 6.5% working interest of an 81% net revenue interest in this project, which is operated by Shelby Resources."Completion operations and installation of a gas pipeline were hampered by intermittent extreme weather conditions in Kansas from December to February," said Mr. Jarvis. "The gas pipeline is...
2023-03-14 5:15 PM EDT
Shoal Point Abandons Pratt County Well
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the sixth well in its Pratt County project in Kansas has been plugged and abandoned."This is our first clear miss in Pratt County," said Mr. Jarvis. "We plan to pause our drilling to absorb the knowledge we have gained from this well, but we believe there are further locations to exploit in the play. We currently...
2022-12-07 10:10 AM EST
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2022) - Pursuant to Section 11.3 of National Instrument 51-102, the following matters were put to vote at the Annual and Special Meeting of Shoal Point Energy Ltd. (CSE: SHP) (the "Issuer") held on November 22, 2022:The report on the voting results is as follows:1. Number of DirectorsBy vote of proxy and in person (For: 27,572,150 Shares, Against: 604) the number of directors was set at four.2. Election of DirectorsBy vote of...
2022-11-23 12:56 PM EST
Shoal Point Energy Announces Sixth Well Spudded in Pratt County
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that drilling has commenced on the Company's sixth well in Pratt County, Kansas.About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The company is focused on its Pratt County project in Kansas and retains its oil and gas interests in the Humber Arm Allochthon play in...
2022-11-21 10:48 AM EST
Production Casing to Be Set on Fifth Pratt County Well
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that operator Shelby Resources will install production casing on the joint venture's fifth Pratt County well, and that an attempt will be made to complete the well as a commercial producer."This looks like another encouraging well based on drill stem tests and logs," said Mr. Jarvis. "The completion program is being designed and we will move in to complete...
2022-10-31 7:45 AM EDT
Shoal Point Energy: Fifth Well Spudded in Pratt County
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that drilling has commenced on the Company's fifth well in Pratt County, Kansas. It is the first well of a third prospect area that Shoal Point is participating in with operator Shelby Resources."Two of the four wells we have drilled so far are currently on production," said Mr. Jarvis. "Our first well is awaiting installation of a...
2022-10-17 10:35 AM EDT
Shoal Point Provides Update to Pratt County Projects
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today provided an update to the Company's Pratt County, Kansas projects."We have four wells in various stages of completion and/or production testing at the moment," said Mr. Jarvis. "A fifth well is planned for October. The summary information below is in order of when the wells were drilled. It is premature to give flow rates because initial rates may...
2022-08-29 4:05 PM EDT
Robert Millar Joins Board of Shoal Point
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that Robert Millar has joined the Board of Shoal Point.Mr. Millar graduated from Simon Fraser University with a Bachelor of Arts in Economics and in 1981 he graduated with a LLB from the University of British Columbia. He practiced law continuously from 1982 with predecessor firms to, and with, Fasken Martineau DuMoulin LLP until his retirement from Fasken...
2022-08-26 3:51 PM EDT
Shoal Point Energy Extends Warrants
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2022) - Pursuant to a previously announced news release dated July 19, 2022, Shoal Point Energy (CSE: SHP), the Company advises that in accordance with the policies of the CSE and subject to regulatory approval, the expiry date and price of the warrants issued have been changed as follows:A total of 6,034,375 warrants (the "Warrants") extended from August 7, 2022 to August 7, 2024 and exercise price changed from $0.15 to $0.06.The warrants...
2022-08-08 11:40 AM EDT
Shoal Point Energy Correction to Warrant Extension
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2022) - Pursuant to a previously announced news release dated July 8, 2022 Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company has applied to the Canadian Securities Exchange ("the CSE") for an amendment to 6,728,125 warrants (the "Warrants") issued in connection with the Company's private placement that closed on August 7, 2019.The Company proposes to extend the expiry date of the Warrants from August 7, 2022...
2022-07-19 12:39 PM EDT
Shoal Point Energy Announces Warrant Extension
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company has applied to the Canadian Securities Exchange ("the CSE") for an amendment to 6,040,625 warrants (the "Warrants") issued in connection with the Company's private placement that closed on August 7, 2019. The Company proposes to extend the expiry date of the Warrants from August 7, 2022 to August 7, 2024 and amend the price from...
2022-07-08 11:45 AM EDT
Shoal Point Announces Production Casing Set in Third Pratt County Well
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that operator Shelby Resources has installed production casing on the joint venture's third well in Pratt County, the N-S Unit #1, and that an attempt will be made to complete the well as a commercial producer."Logs and drill stem tests are encouraging," said Mr. Jarvis. "The completion program is being designed and we will move in to complete and...
2022-07-04 8:15 AM EDT
Shoal Point Energy Ltd. Announces Production Casing to Be Set in Second Pratt County Well
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that operator Shelby Resources will install production casing on the joint venture's first well in the second Pratt County prospect, the Shriver Trust #1-32, and that an attempt will be made to complete the well as a commercial producer."Logs and drill stem tests are encouraging," said Mr. Jarvis. "Production casing will be set tomorrow. The completion program is being...
2022-06-15 4:33 PM EDT
Shoal Point Spuds Second Pratt County Well
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the first well of the second exploration prospect in Pratt County, Kansas, operated by Shelby Resources, has commenced drilling."This is the second of three prospects we have committed to in this area," said Mr. Jarvis. "The first prospect has a successful well and several offset locations. The second and third prospects will also have several offset...
2022-06-02 10:12 AM EDT
Shoal Point Announces Production Testing Underway In Pratt County
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that production testing is underway on I-T Unit #1-27, the Company's first Pratt County well in Kansas. Operator Shelby Resources has opened up two zones and is producing 50 barrels of oil per day with no water on a constricted basis. The operator plans to gradually increase production until an optimal flow rate can be established."This looks...
2022-05-25 5:05 PM EDT
Shoal Point to Participate in Second Pratt County Prospect
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company has elected to exercise its option to participate in a second prospect in Pratt County, Kansas, operated by Shelby Resources LLC. Total acquisition and drilling costs of approximately U.S. $32,000 will earn a working interest of 6.5% of an 81% net revenue interest in the well and possible offset locations.The well is expected to spud...
2022-04-14 11:33 AM EDT
Production Casing to Be Installed on First Pratt County Well
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that operator Shelby Resources will install production casing on the joint venture's first Pratt County well and that an attempt will be made to complete the well as a commercial producer."Analysis of logs and drill stem tests indicates that the well should be completed," said Mr. Jarvis. "Production casing is being set today. The completion program is being...
2022-04-06 4:10 PM EDT
CORRECTION FROM SOURCE: Shoal Point to Spud First Pratt County Well
This document corrects and updates the headline of the news release disseminated earlier today, where it should have read, "Shoal Point to Spud First Pratt County Well" instead of "Shoal Point Spuds Third Mount Evans Well." No other changes were required in the body of the release.Vancouver, British Columbia--(Newsfile Corp. - March 25, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the first well of the exploration play in Pratt County, Kansas, operated...
2022-03-25 4:31 PM EDT
Shoal Point Spuds Third Mount Evans Well
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the first well of the exploration play in Pratt County, Kansas, operated by Shelby Resources and disclosed in a news release dated March 10, 2022, is planned to commence drilling later today.About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The company is exploring for...
2022-03-25 1:18 PM EDT