Jim Letourneau's Blog

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Shoal Point Energy (SHP:CNSX) Update

Our blog sponsor has one of the most interesting shale plays in North America, the Green Point Shale. It is equivalent to the Utica shale aond the oil-in-place numbers are off the charts - check the presentation below if you don't believe me. 

It has been a long haul for the company but they are finally testing. On April 18th the announced the following:


...this program will test up to 4 perforated intervals individually, through the casing in the existing 3K39 borehole. All tests will occur within the Green Point Formation above 1500 metres drilling depth,The program is expected to be completed within the next 35 days.


Favorable tests could re-price Shoal Point in a hurry.