Shoal Point Energy Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2022) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (March 10, 2022) non-brokered Private Placement. A total of 18,116,667 units were placed for total gross proceeds of 543,500.00.Each unit, priced at $0.03 per Unit, consisted of one share and one share purchase warrant. Each full warrant is exercisable at a strike price of $0.05 with an expiry on the third anniversary of the date...
2022-03-22 4:29 PM EDT
Shoal Point Elects to Participate in New Kansas Play, Announces Financing
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point" or the "Company"), announces today that the Company has committed to participate in the first of three oil and gas prospects in Pratt County, Kansas, operated by Shelby Resources LLC. Participation in the first prospect of 1.25 sections will give Shoal Point the option of participating in the other two prospects in the package. Shoal Point will...
2022-03-10 5:27 PM EST
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - 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 30, 2021:The report on the voting results is as follows:1. Number of DirectorsBy vote of proxy and in person (For: 11,880,613 Shares, Against: 217, 571) the number of directors was set at three.2. Election of DirectorsBy vote...
2021-12-01 1:18 PM EST
Shoal Point Abandons Mount Evans Well
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) announced today that Shoal Point and its partners have elected to plug and abandon the Wells Trust #1 - 1 at the Mount Evans project in Kansas at a total depth of 4,415 feet.Shoal Point has a 65% working interest in the project and privately held Shelby Resources has a 35% working interest."The Mount Evans project has proved to be a...
2021-09-13 9:20 AM EDT
Shoal Point Spuds Third Mount Evans Well
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company has spudded its third well at the Mount Evans project in Kansas. Shoal Point has a 65% working interest in the project and privately held Shelby Resources has a 35% working interest.About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The Company...
2021-09-02 10:53 AM EDT
Shoal Point to Drill Third Mount Evans Well
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company plans to drill a third well at the Mount Evans project in Kansas. The well is expected to commence drilling in early August. Shoal Point has a 65% working interest in the project and privately held Shelby Resources has a 35% working interest."Along with our partners, we have done extensive analysis of our...
2021-06-28 9:51 AM EDT
Shoal Point Abandons Second Mount Evans Well
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) announced today that Shoal Point and its partners have elected to plug and abandon their second well at the Mount Evans project in Kansas at a total depth of 4,360 feet."We are disappointed by this dry hole," said Mr. Jarvis. "Along with our partners, we will be evaluating the information to help decide what next steps, if any, we will...
2021-03-15 9:37 AM EDT
Shoal Point Announces Options
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2021) - Shoal Point Energy Ltd. (CSE: SHP) today announces that, pursuant to its Stock Option Plan, the Company will be granting 2,100,000 stock options to certain directors, employees, officers and consultants. The options will be exercisable at $0.10 per share with a 5 year term from the date of grant. On behalf of the Board of Directors,"Mark Jarvis"Mark Jarvis, CEOFor further information, please contact:Mr. Mark Jarvis Chief Executive Officer416-637-2181 extension 310The Canadian...
2021-03-04 4:13 PM EST
Shoal Point Spuds Second Mount Evans Well
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) announced today that drilling operations have commenced at the second well location of the Mount Evans project in Kansas.Shoal Point has a 65% working interest in the project and privately held Shelby Resources has a 35% working interest.About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The company...
2021-03-03 5:10 PM EST
Shoal Point Energy Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (February 9, 2021) non-brokered Private Placement. A total of 5,335,354 units were placed for total gross proceeds of $373,475.Each unit, priced at $0.07 per Unit, consisted of one share and one share purchase warrant. Each full warrant is exercisable at a strike price of $0.10 with an expiry on the third anniversary of the...
2021-02-24 4:32 PM EST
Shoal Point Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today announced a non-brokered Private Placement of up to 5,000,000 units at a price of $0.07 per unit for total gross proceeds of up to $350,000.00.Each unit will consist of one share and one warrant. The warrants will have a term of 3 years from the date of closing and each full warrant will be exercisable for one new share at...
2021-02-09 1:58 PM EST
Shoal Point Energy to Spud Second Mt. Evans Well
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE:SHP) announced today that the Company plans to spud its second well in the Mount Evans project in Kansas at approximately the end of February. Shoal Point is a 65% working interest partner in the project and Shelby Resources has the remaining 35% working interest.About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange...
2021-02-03 8:21 AM EST
Shoal Point Reports on Mount Evans Project
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2020) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today provided an update to operations at the Maresch Unit #1-18 well, the first well in the Mount Evans project in Kansas, and to plans for future drilling at the Mount Evans project."Our first well in the Mount Evans project has not performed as expected," said Mr. Jarvis. "We think that, due to reservoir damage caused by mud and...
2020-12-17 9:15 AM EST
Shoal Point Energy Announces the Passing of Erick Bertsch
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2020) - Shoal Point Energy (CSE: SHP). It is with great sadness that we report that Erick Bertsch, our Director of Corporate Communications, passed away suddenly late last week of a medical condition. Erick was 51 years old.Erick always conducted himself with honesty and integrity. His cheerful, hardworking presence will be missed. Our thoughts are with his family.On behalf of the board of Directors,"Mark Jarvis"President and CEOThe Canadian Securities...
2020-11-23 12:09 PM EST
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2020) - 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 October 15, 2020:The report on the voting results is as follows:1. Number of DirectorsBy vote of proxy and in person (For: 15,637,950 Shares, Against: 189,980) the number of directors was set at three.2. Election of DirectorsBy vote of...
2020-10-16 1:36 PM EDT
Shoal Point Starts Production Testing on the Primary Zone at Mount Evans
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2020) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) announced today that crews have sealed the lower secondary zone and moved up to the primary zone for production testing in the first well at the Mount Evans project. The primary zone has been completed and testing is expected to last for the next few weeks. Oil from the primary zone has been connected to the on-site storage tanks and pumping...
2020-07-21 9:19 AM EDT
Shoal Point Energy Announces Postponement of Executive Compensation Disclosure and Annual General Meeting Material
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2020) - Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point " the "Company") announces that in light of the COVID-19 public health emergency and related restrictions on gatherings, the Company intends to delay holding its annual general meeting of shareholders to a later date, but prior to October 30, 2020. The Company is relying on the temporary blanket relief provided by the Canadian Securities Administrators (including the exemptive relief contained in ASC Blanket...
2020-07-17 4:15 PM EDT
Shoal Point Energy Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2020) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (June 11, 2020) non-brokered Private Placement. A total of 4,257,500 units were placed for total gross proceeds of $340,600.Each unit, priced at $0.08 per Unit, consisted of one share and one share purchase warrant. Each full warrant is exercisable at a strike price of $0.12 with an expiry on the third anniversary of the...
2020-06-17 9:00 AM EDT
Shoal Point Energy Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2020) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today announced a non-brokered Private Placement of up to 4,000,000 units at a price of $0.08 per unit for total gross proceeds of up to $320,000.00.Each unit will consist of one share and one warrant. The warrants will have a term of 3 years from the date of closing and each warrant will be exercisable for one new share at a...
2020-06-11 10:11 AM EDT
Shoal Point Provides Update
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2020) - Mark Jarvis, CEO of Shoal Point Energy (CSE: SHP), today provided an update of corporate operations."Our operations have been severely impacted by the coronavirus, the consequent demand destruction in oil products, and the oil price war between Saudi Arabia and Russia," said Mr. Jarvis. "The pandemic could continue to have a negative impact on the stock market, including the trading price of our shares, our Company's ability to raise fresh...
2020-04-21 10:13 AM EDT