Shoal Point Starts Production Testing at Mount Evans
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2020) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) announced today that a secondary zone in the first Mount Evans well has been completed, put on pump and connected to the on-site storage tanks. Production testing of this secondary zone is expected to last approximately 30 to 60 days, after which the higher, primary zone will be completed and put on production and the two zones' production will...
2020-02-11 9:00 AM EST
Production casing being installed in Mt. Evans well
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that production casing is being installed in the Company's first Mount Evans project well and that an attempt will be made to complete the well as a commercial producer."Analysis of logs and oil flow in drill stem tests indicates that several zones should be completed," said Mr. Jarvis. "The completion program is being designed now and we will...
2020-01-14 9:00 AM EST
Shoal Point Energy Ltd. Announces First well spudded at Mt. Evans
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the first well at the Company's Mt. Evans Project has been spudded and surface casing was successfully set at a depth of 1451 feet."The crews are now off for the holidays," said Mr. Jarvis. "The plan is to return to site January 3 and complete drilling and testing of this well. So far, we are...
2019-12-17 9:00 AM EST
Shoal Point selects first target at Mt. Evans
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2019) - Mark Jarvis, CEO of Shoal Point Energy Ltd., (CSE: SHP) announced today that the first drill target in the Mount Evans Project has been selected."This is a compelling target," said Mr. Jarvis. "The seismic clearly shows a four way closure. Two vintage dry holes that are just off structure and low to the structure had oil shows in the Pawnee Sandstone, which is the kind of physical evidence...
2019-12-04 4:38 PM EST
Shoal Point Energy provides project update
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2019) - Mark Jarvis, CEO of Shoal Point Energy Ltd., (CSE: SHP) today provided an update on the Mount Evans Project in Kansas. Shoal Point is earning a 65% working interest in Mount Evans from privately held Shelby Resources LLC."3-D seismic data processing and interpretation is underway," said Mr. Jarvis. "Preliminary analysis shows several areas of interest including potential target horizons beyond the Pawnee sands, which is the primary target horizon...
2019-10-24 9:00 AM EDT
Shoal Point announces completion of seismic data acquisition
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2019) - Mark Jarvis, CEO of Shoal Point Energy (CSE: SHP), announced today that the 3-D seismic data acquisition program at the Mount Evans project in Kansas is complete. The seismic survey covered 10 square miles out of the 121 square mile Area of Mutual Interest that Shoal Point shares with partner Shelby Resources LLC."The data will now be processed, which could take up to thirty days," said Mr. Jarvis. ...
2019-09-12 9:00 AM EDT
Shoal Point Energy Ltd.: Seismic shoot starts at Mt. Evans
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2019) - Mark Jarvis, CEO of Shoal Point Energy (CSE: SHP), announced today that seismic crews have commenced the acquisition of 3D seismic over the Mt. Evans project in Kansas. The seismic survey will cover approximately 10.5 sq. miles of prospective acreage and used to identify drillable features in the Pawnee Sandstone. Historical production from nine nearby wells has averaged more than 170,000 barrels per well from the Pawnee."This seismic shoot will...
2019-08-16 9:00 AM EDT
Shoal Point announces options
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - Shoal Point Energy Ltd. (CSE: SHP) today announces that, pursuant to its Stock Option Plan, the Company will be granting 1,300,000 stock options to certain directors, employees, officers and consultants. The options will be exercisable at $0.13 per share with terms ranging from 2 to 5 years from the date of grant. On behalf of the Board of Directors,"Mark Jarvis"Mark JarvisFor further information, please contact:Mr. Mark Jarvis Chief Executive Officer416-637-2181 extension...
2019-08-15 3:19 PM EDT
Shoal Point Energy Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2019) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (August 1, 2019) non-brokered Private Placement. A total of 14,831,250 units were placed for total gross proceeds of $1,186,500.Each unit, priced at $0.08 per Unit, consisted of one share and one-half share purchase warrant. Each full warrant is exercisable at a strike price of $0.15 with an expiry on the third anniversary of the date...
2019-08-08 5:09 PM EDT
Shoal Point Energy Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today announced a non-brokered Private Placement of up to 19,000,000 units at a price of $0.08 per unit for total gross proceeds of up to $1,520,000.00. Each unit will consist of one share and one-half 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...
2019-08-01 11:54 AM EDT
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2019) - 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. (the "Issuer") held on July 30, 2019:The report on the voting results is as follows:1. Number of DirectorsBy vote of proxy and in person (For: 15,899,438 Shares, Against: 655,100) the number of directors was set at three.2. Election of DirectorsBy vote of proxy...
2019-07-30 4:00 PM EDT
Shoal Point Enters into Farm in Agreement in Kansas, Announces Corporate Awareness Campaign
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2019) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company entered into a farm in agreement on June 7th, 2019 with Shelby Resources LLC in the Mount Evans prospect in Kansas. Shelby Resources is a private company which has drilled 230 wells in Kansas since 1995 with an overall success rate of 70%. The farm in agreement has a five year term."We are excited...
2019-06-10 11:23 AM EDT
Alf Stewart Joins Shoal Point Energy as Vice-President Minerals, Erick Bertsch Joins as Director of Communications
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2018) - Mark Jarvis, CEO of Shoal Point Energy (CSE: SHP) announced today that Alf Stewart has joined the company as Vice President, Minerals Division. Alfred (Alf) Stewart, B.SC. Geology, MBA, has a career spanning over 40 years in the resource and investment industries.Mr. Stewart's career includes time spent as a geologist, stock exchange regulator, investment banker, analyst and investment advisor. Mr. Stewart has worked for such firms as Bank of Montreal,...
2018-10-18 11:08 AM EDT
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2018) - 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 July 19, 2018:The report on the voting results is as follows:1. Number of DirectorsBy vote of proxy and in person (For: 11,162,741 Shares, Against: 6,060) the number of directors was set at three.2. Election of DirectorsBy vote of proxy and...
2018-07-23 2:15 PM EDT
Shoal Point Energy Announces Appointment of Ms. Juliet Heading as Corporate Communications Manager
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2018) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) is pleased to announce that Ms. Juliet Heading has joined the Company as Corporate Communications Manager effective May 15, 2018.Ms. Heading was educated at University of Aberdeen and Napier University, Scotland, and her previous employment includes Lehman Brothers Europe, Nomura International plc and most recently Teck Resources Limited."We are very pleased to add Juliet's communications and community relations experience to Shoal...
2018-05-15 1:14 PM EDT
Shoal Point Energy Ltd.: Private Placement Warrants Repriced
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2018) - Shoal Point Energy Ltd. (CSE: SHP) Further to the Company's press releases dated August 13, 2015 and March 14, 2016, the Company advises that, in accordance with the policies of the CSE and subject to regulatory approval, warrants associated with that private placement that had a strike price of $1.25 (post consolidated) are to be repriced to a strike price of $0.08. The repricing applies, on a post-consolidated basis,...
2018-04-25 11:40 AM EDT
Natasha Tsai Joins Shoal Point as CFO
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2018) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that Natasha Tsai, CPA, CA, has been appointed as Chief Financial Officer of Shoal Point.Ms. Tsai is a Chartered Professional Accountant with Malaspina Consultants Inc. Prior thereto, she was a senior accountant with Grant Thornton LLP. She has been providing CFO and/or controller services to issuers since 2008 and has significant corporate finance and listed company experience in several...
2018-04-23 10:59 AM EDT
Shoal Point Mourns Loss of CFO
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2018) - Shoal Point Energy Ltd. (CSE: SHP) It is with great sorrow that we announce the passing of our Chief Financial Officer, Brian Fiddler, CA, after a protracted struggle with cancer.Brian commanded enormous respect as a professional, and he was also a lot of fun to work with."Brian took the concept of full, plain and true disclosure very seriously," said Mark Jarvis, CEO of Shoal Point Energy. "He always strove for...
2018-04-16 1:07 PM EDT
Shoal Point Energy Sets Options
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2018) - Shoal Point Energy Ltd. (CSE: SHP) today announces that pursuant to its Stock Option Plan, approved by shareholders at the company's AGM held on June 22, 2017, the Company will be granting 2,600,000 stock options to certain directors, employees, advisors and consultants exercisable at $0.07 per share with an expiry date of March 15, 2023. Some of the options will have vesting provisions.On behalf of the Board of Directors,"Mark Jarvis"Mark...
2018-03-16 2:20 PM EDT
Jarvis Acquires Additional Ownership Interest in Shoal Point Energy Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2018) - Mark Jarvis, a director and Chief Executive Officer of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point") announces that Mr. Jarvis and Frioud Holdings Ltd., a company wholly owned and controlled by Mr. Jarvis ("Frioud Holdings") and together with Mr. Jarvis the ("Purchasers"), have acquired direct or beneficial ownership of an additional 5,100,112 common shares ("Common Shares") in the capital of Shoal Point pursuant to Shoal Point's rights offering which...
2018-03-14 12:08 PM EDT