[Renee]

SHPNF: effective Feb. 29,2024 a one for 2 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[makinezmoney]

$SHPNF: Waiting on News..... now $0.0658


Updated Corporate Presentaton...........




www.shoalpointenergy.com/assets/docs/presentations/SHP%20EVANS%20PRESENTATION%20Sept.%202021.pdf



GO $SHPNF

[Renee]

SHPNF one for 25 reverse split:

http://otce.finra.org/DLSymbolNameChanges

[mcondon]

https://www.arescotx.com/microwave-technology-the-new-fracking/

[mcondon]

https://www.arescotx.com/microwave-technology-the-new-fracking/

[mcondon]

something brewing

[74stingray]

Another Local Anti Fracking Story Published Today Jan-27th 2014

http://www.thetelegram.com/News/Local/2014-01-27/article-3591706/People-not-convinced-by-argument-for-fracking%3A-NDP/1


People not convinced by argument for fracking: NDP
Frank

Frank Gale
Published on January 27, 2014

Jonathan Stewart liked the message MHA George Murphy brought to an anti-fracking event in Stephenville.

Jonathan Stewart, who attended an anti-fracking meeting in the United Church Hall in Stephenville Saturday, signs petitions opposing fracking. — Photos by Frank Gale/The Western Star

He especially liked the fact that the NDP environment and conservation critic talked about how Lone Pine Resources Inc., a U.S. fracking company registered in Delaware, which wanted to frack for gas under the St. Lawrence River in Quebec, has threatened to sue Canada under the North American Free Trade Agreement (NAFTA) because of Quebec’s moratorium on fracking.

He said the company is saying this moratorium is violating the oil company’s right to frack and it’s demanding $250 million in compensation.

In October of 2013, groups such as the Council of Canadians, the Sierra Club, For Love of Water (FLOW), Eau Secours!, and AmiEs de la Terre were gathering signatures for a letter to Lone Pine urging the company to drop plans to sue Canada.

It was at that time the groups discovered that Lone Pine had quietly filed a request for arbitration indicating the company was moving forward with the NAFTA lawsuit.

Murphy said Saturday the proposed Comprehensive Economic and Trade Agreement (CETA) between the European Union (EU) and Canada would grant energy companies far-reaching rights to challenge bans and regulations of shale gas development, such as fracking.

“I think Mr. Murphy is showing great concern about hydraulic fracturing and I’m glad he brought to everyone’s attention these facts about NAFTA and CETA and how, through them, the rights of the corporation are protected rather than the rights of the people who live here,” said Kathy Marche, a resident of Kippens and a member of the Port au Port/Bay St. George Fracking Awareness Group.

Stewart, one of nearly 70 who attended the event, entitled People’s Frackdown 2, said it was nice to see Murphy explain the issues with NAFTA and CETA because he strongly opposes this proposed hydraulic fracturing process.

Stewart said people in the area should be careful of who they vote for during the next provincial election to deal with this fracking issue.

“We need someone who is going to be trustworthy and have our best interest at heart,” he said. “We need less secrecy from our elected officials and a matter as serious as fracking should be able to be voted on by the people.”

Stewart said, as a worker in Alberta who gets out to oil sites, he doesn’t trust a thing that oil companies say.

“For them it’s anything for profit with little care about the environment.”

Murphy, the NDP MHA for St. John’s East, has been active in the political fight that resulted in the province implementing a moratorium on fracking in November.

He said his role is to give people a voice in the House of Assembly and make sure they can put a face to the issue.

In early November of 2013 Natural Resources Minister Derrick Dalley declared a moratorium on fracking in the province. He announced government will not approve fracking onshore and onshore-to-offshore hydraulic fracturing pending further review and government would be doing public consultation before it develops any policy for fracking.

Murphy said even though the moratorium is on, there is a lot of distraction with the Tory leadership, so the NDP hopes to make sure the issue stays at the forefront.

“We want to make sure that if government is going to have that review, that it’s going to be an independent review so government can keep their hands off it,” Murphy said.

“Also, to make sure it’s totally scientific,” he added.

Murphy said the NDP would like to see a strengthening of environmental regulations and a full disclosure of chemicals used in fracking.

“If it’s going to be an unsafe process here, particularly when it comes from a worker’s point of view, along with health and the protection of water, then it can’t be allowed to happen,” he said.

Murphy said if people in the province begin hearing of the quality of water being compromised, it’s certainly a good basis to not do fracking at all.

“There are a number of views here, but the biggest view is that (the government) has not convinced us yet of a valid argument for fracking,” he said.

[74stingray]

Exploration Licence 1097R Expires
http://ih.advfn.com/p.php?pid=nmona&article=60681611&symbol=SHPNF

Shoal Point Energy Ltd.: Exploration Licence 1097R Expires
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 15, 2014) - Further to the press release dated December 12, 2013, Shoal Point Energy (CSE:SHP)(OTCQX:SHPNF) announced today that Exploration Licence 1097R has now expired.

Shoal Point Energy Ltd.
Mark Jarvis
Chief Executive Officer
416-637-2181 extension 316
604 681 2310

Things just keep sliding downhill.

[74stingray]

Province is not entertaining any applications to Frack.

http://www.vocm.com/newsarticle.asp?mn=2&id=41631&latest=1

Kathy Dunderdale says the province is not entertaining any applications to frack. In November, the province announced a temporary ban on fracking pending a review of the controversial oil extraction method. The Premier was responding to statements by Shoal Point Energy who, after losing a bid to extend an exploration license, laid partial blame on the province for 'changing the regulatory environment'.

Dunderdale says the company had applied to drill using conventional techniques but also wanted to reserve their right to frack. She says until a proper review of the controversial method of extracting oil is complete, there will be no hydraulic fracturing in the province.



Dunderdale says when it comes to conventional drilling it is up to the C-NLOPB to make a ruling and in this case they have.

[74stingray]

1st of many Frackdown Events

With about 45 people in attendance at the first-ever “People’s Frackdown” in Stephenville, Newfoundland on Thursday, facilitator Joe Wiseman vowed this will be the first event of many.


A “frackdown” is an event to challenge hydraulic fracturing, or fracking — a technique that uses millions of gallons of water, sand and chemicals to break open shale rock deep underground in order to extract gas.

Kenny (Mutchie) Bennett, a Qalipu First Nation member, attended the event, held in support of people who are trying to stop fracking in New Brunswick.

“Spontaneous events like this will really keep things going when it comes to getting the word out about fracking and its effects on the environment,” said Bennett.

“It’s wonderful someone other than the fracking awareness group arranged this.”

With the government taking a break and it being off-season for the oil companies, said Bennett, it’s good to see that people who really care about the land aren’t going to sleep on this issue over the winter.

He thinks it’s sad that some families are split over this issue and it’s disheartening to see it come down to people disrespecting each other.

“It’s wonderful the United Church is taking a stand on this issue and it would be nice if other church leaders would get involved and maybe organize their own events,” he said.

Rev. Kathryn Vance of the First United Church in Stephenville was a co-facilitator of the event.

In addition to having a number of people who are associated with the Bay St. George Fracking Awareness Group address those on hand, there were a number of protest songs sung and petitions signed, and the event ended with a sacred circle, led by Bennett.

Wiseman said he got involved because, to him, the science is clear. While he’s not a scientist, Wiseman trusts David Suzuki when the noted Canadian environmentalist speaks about the dangers of hydraulic fracturing.

“It’s not ‘maybe.’ The science has been done and there is no need for governments to be studying if hydraulic fracturing will destroy our environment — it does,” Wiseman said, adding politicians will listen to voters and if voters say, “stop the fracking,” politicians will stop it.

He said multiple jurisdictions have banned fracking and one of them is the poor nation of Bulgaria, which recently moved ahead with a ban on the practice.

Wiseman said France, a western industrialized nation that needs oil as much as any nation, has banned fracking as well.

“What is Canada waiting for?” he asked. “It’s time for a nationwide ban on fracking in this country, too.”

The Western Star

[74stingray]

http://www.thetelegram.com/News/Local/2013-12-13/article-3542394/Shoal-Point-Energy-takes-hit%2C-blames-N.L.-and-CNLOPB/1

Shoal Point Energy takes hit, blames N.L. and CNLOPB
AshleyAshley FitzpatrickPublished on December 13, 2013Share 40 10 Comment
Send to a friend
Print
Company looking to frack in western Newfoundland to lose licence and $1 million
Shoal Point Energy, a promoter of fracking for oil in western Newfoundland has revealed a damaging regulatory loss — one it is largely laying at the feet of the provincial government and the Canada-Newfoundland and Labrador Offshore Petroleum Board (CNLOPB).

A map of exploration licences managed by the Canada-Newfoundland and Labrador Offshore Petroleum Board (CNLOPB) in western Newfoundland. — Image courtesy of the CNLOPB

In a statement issued Thursday night, the company revealed it will be losing one of its exploration licences in the region, along with a $1-million deposit it put down for the permit.

The licence, known as EL 1097R, covers access to an area of about 500,000 acres, reaching from just off Corner Brook, up the coastline to off Gros Morne National Park.

Offshore exploration licences are awarded by the CNLOPB with requirements for specific activity, required spending on oil exploration, within set dates. The measure is meant to ensure that companies do not simply sit on permits, keeping others interested from being active in the area.

According to its own statement, Shoal Point Energy had yet to live up to its commitments within the area to which it has now lost access.

The company states it has not been able to move forward because of delays by the provincial government in providing guidelines for an environmental review of suggested projects.

It also says the CNLOPB rejected a proposal put forward that would allow for an extension on part of the company’s licence, leaving out the area around Gros Morne park. Complete loss of the existing licence and deposit “due to a change in the regulatory environment beyond its control” would be unfair, the company suggested, offering $250,000 for the partial renewal.



High and costly expectations

The EL 1097R licence was to be stripped from Shoal Point Energy in January 2013 but, at the request of the company and with a fresh cash commitment, the CNLOPB awarded a one-year extension, giving more time to get an exploratory project up and running.

The one-year timeline was despite the fact any onshore to offshore drilling program would be the first of its kind for the province.

It was also despite the fact the company’s suggested projects had been met with fierce opposition from people living in the region and anti-fracking groups with further reach.

The idea of drilling onshore to offshore and fracking in areas adjacent to Gros Morne National Park were particularly controversial, drawing cautions and pointed questions from otherwise unengaged groups and individuals.

“We are disappointed by this decision.” — Mark Jarvis, CEO of Shoal Point Energy


Not finished yet

Shoal Point’s lost licence is one of three it holds in western Newfoundland and the largest.

The area covered by the company’s licences totals about 720,000 acres, according to the latest statement. Of that total, EL 1097R covers about 500,000 acres.

As of Jan. 15, 2014, as a result of the CNLOPB’s decision, Shoal Point Energy’s exploration acreage will be cut to about 220,000 acres, confined to the areas known as EL 1070 and EL 1120.

“We are disappointed by this decision,” said Mark Jarvis, CEO of Shoal Point Energy, on the rejection of the proposal for a partial licence renewal.

“We feel that our proposal recognized and respected the importance of Gros Morne National Park, a UNESCO world heritage site. Our proposal balanced a desire to protect this unique and beautiful park with a desire to safely and responsibly develop a much needed economic opportunity on the west coast of Newfoundland.”

The statement followed a move by the company to halt trading of company securities. It is listed on the CNSX exchange under the symbol “SHP.”

While Shoal Point Energy maintains access to two offshore licence areas, it still faces a regulatory issues.

In early November, the government of Newfoundland and Labrador put a roadblock in the way of the company’s stated long-term plans — announcing applications for onshore or onshore-to-offshore oil projects involving fracking would not be accepted.

The moratorium on fracking has no set end date.

Other companies that have suggested projects involving fracking have, at least for the near term, re-focused their planning on more traditional onshore drilling projects, with no fracking involved.

[74stingray]

More local bad news for Shoal Point Energy Ltd.

I bet they won't be updating shareholders on this bit of news, we have to do our own digging to find out what they are up to or not up to.

http://www.vocm.com/newsarticle.asp?mn=2&id=41605&latest=1

The offshore petroleum board says it considered and rejected three separate proposals from Shoal Point Energy to extend an exploration license on the west coast. The company is looking to extract oil using hydraulic fracturing at a number of locations from the Port au Port Peninsula to Gros Morne. In a release late last night the company said a decision by the C-NLOPB was costing them the largest and greatest potential for recoverable oil, along with the one million dollars it cost to apply for the extension. VOCM's Danielle Barron reports.



In a statement the C-NLOPB says the board considered that the license was issued based on conventional exploration work. The board says nearly eight years after the initial license was issued, minimal exploration has been undertaken. The C-NLOPB says the proposal by Shoal Point didn't identify a plan to proceed with activity to fulfil the drilling obligations, but instead identified 'a physical and legal impossibility to undertake a drilling program'. Because the company didn't meet the requirements of its last license extension, the board says it chose not to exercise its discretion to allow for another extension.

Effective Jan. 15, the company's total exploration acreage will be reduced from approximately 720,000 acres to just 220,000 acres. Prospective oil resources will be reduced from over 956-million barrels on three licenses to 202-million barrels with two licenses.

[eom7]

WOW... terrible news. That is CRAP.

[74stingray]

Do they do anything right?

[74stingray]

its very bad and looks to remain so for a long time.

___________________________________________________________________


This looks bad...

[eom7]

This looks bad...

[74stingray]

Local Moratorium on Fracking

http://www.thetelegram.com/News/Local/2013-11-06/article-3469435/Pressure-growing-for-federal-fracking-freeze/1

http://www.thetelegram.com/News/Local/2013-11-06/article-3469518/Black%E2%80%88Spruce-Energy-responds-to-Newfoundland-fracking-moratorium/1

http://www.thetelegram.com/Opinion/Letter-to-the-editor/2013-11-06/article-3468388/Fracking-and-facts/1


Company is broke
http://www.thetelegram.com/Business/2013-07-23/article-3326024/Shoal-Point-Energy-needs-money/1

[74stingray]

This company is in trouble, it has no support from the locals for fracking....None

[futrcash]

latest-

http://www.cbc.ca/news/canada/newfoundland-labrador/story/2013/07/03/nl-shoal-point-energy-new-ceo-703.html

...Ah...these...micro-cap dreamers!

futr

[futrcash]

Fund Raise @ .06 with .15 Options-

Shoal Point Completes Additional Financing, Concludes Shares for Debt Settlement with a Creditor and Announces Further Changes to the Board of Directors

Toronto, ON: Shoal Point Energy Ltd. (“SHP” or the “Company”) (SHP on CNSX) (SHPNF on OTCQX) announces that it has raised a further $1,168,533 from the issuance of 19,395,556 common share units at $0.06 and 80,000 flow through common share units at $0.06. The common share units are comprised of one common share and one full warrant whereby each warrant entitles the holder to acquire one additional common share at a price of $0.15 for a period of 24 months. The flow through common share units include one flow through common share and one-half warrant whereby a full warrant entitles the holder to acquire one additional common share at a price of $0.15 for a period of 24 months. In connection with this financing, the Company paid $32,492 cash commissions and issued 541,533 broker warrants where each warrant entitles the holder to acquire one common share at a price of $0.10 for a period of 18 months.The proceeds of this financing will be used to reduce outstanding payables including settlements with certain officers and directors, to retire the outstanding convertible debenture and for general working capital purposes.


Debt Settlement with Creditor

Shoal Point also announces that it has settled its financial obligations with Dragon Lance Management Corporation (DLMC), the designated operator and driller on 3K-39. Shoal Point has agreed to issue to DLMC a total of 9 million common shares of the Company to settle all debts owed by Shoal Point to DLMC and its principals. The shares have a deemed value of $540,000 at $0.06 per share and this settlement represents a substantial reduction from the amount originally sought by DLMC.


Proposed changes to the Board of Directors and Management

The Company also announces that as a consequence of its transition from operator to the role of a non-operating company, its Chairman, Norman Davidson Kelly will not stand for re-election to the Board of Directors at the shareholders meeting being held on Friday, June 28, 2013.

Mr. Kelly will remain a major shareholder in Shoal Point and he has played a significant role in identifying and understanding the nature of this oil-in-shale resource. From the time of his becoming involved with Shoal Point, he was able to engage the services of NuTech Energy Alliance, one of the world’s leading petrophysical analysis firms based in Houston, Texas, and utilize their expertise to understand the geology and the potential enormity of the oil resource. The Board and Management of Shoal Point express their thanks to Mr. Kelly for all of his efforts on behalf of the Company.

The Company expects to replace Mr. Kelly on the Board of Directors with a qualified representative from the Province of Newfoundland & Labrador.

About Shoal Point Energy Ltd.
Shoal Point Energy Ltd is a public company with a 100% interest, subject to a 1.38% gross overriding royalty, in Exploration Licence 1070 in the Province of Newfoundland comprising approximately 150,000 acres of oil-in-shale. In addition, Shoal Point has an agreement to earn a net 80% interest in the 67,298 acres of Green Point Shale (shallow rights) of EL 1120 which is owned by Ptarmigan Energy Corp. It also has a 100% working interest in the 502,000 acres in EL 1097R, subject to a 2% gross overriding royalty. The total potential gross acreage in the Green Point Shale is approximately 720,000 acres.

Shoal Point also has an agreement with Black Spruce Exploration Corp (BSE) whereby BSE can earn up to 60% of Shoal Point’s interest in these three Exploration Licences by drilling a total of 12 wells over the next 2 years. In addition, Shoal Point has an Area of Mutual Interest with BSE which includes a large block of onshore lands and all of the area within, upon or under the Farmout lands.

Shoal Point currently has 413,998,903 common shares issued and outstanding.

Visit our website at www.shoalpointenergy.com Â

For further information, please contact:


David Black - 416-637-2181 ext 308
Hayley Clift - 416-637-2181 ext 306

futr

[futrcash]

Shareholders Meeting June28-

We have today mailed materials for a shareholders meeting to be held on 28th June 2013 in
Toronto. At that meeting Brian Murray, Director and Chief Financial Officer, and Don Sheldon,
Director will not be seeking re-election to the Board. George Langdon, President has also agreed
to step aside at that time, but he will continue to provide his invaluable geological expertise to
the joint venture and remains a significant shareholder in the Company.
It is proposed that the vacancies to the Board will be filled by Mark Jarvis and Eric Schneider.
Mark Jarvis was formerly Director responsible for Corporate Finance at Ultra Petroleum, as it
developed a significant unconventional gas deposit to the benefit of its shareholders, and is CEO
and President of Hard Creek Nickel Corp. Eric Schneider is a Partner in the law firm Miller
Thomson LLP of Waterloo, Ontario, and was formerly Vice-President, Secretary and General
Counsel with Schneider Corporation. Immediately following the Annual Meeting Mark Jarvis
will be appointed President and CEO of SHP. We believe that these two appointments will add
considerable strength and expertise to the Board as the Company moves to the next stage of its
development.
Norman Davidson Kelly, Chairman said:

futr

[74stingray]

In my local News this morning. It would appear someone screwed up. C-NLOPB says Black Spruce Energy Ltd has yet to file the necessary documents required to obtain any approval to drill.

http://www.vocm.com/newsarticle.asp?mn=2&id=34481&latest=1

[futrcash]

May 2013 Corporate Presentation-

http://www.shoalpointenergy.com/pdfs/SHP-PPT-May-2013-v-4.pdf

futr

[futrcash]

New Status Report on website-

http://www.shoalpointenergy.com/pdfs/Shoal%20Point%20press%20release%20May%2022,%202013.pdf

futr

[goldhunter1]

These anti frack crowds are like mobs looking for a witch to burn.
I guess we are waiting to see if they have the local politicians spooked enough to delay drilling. I certainly won't add to my position until I see which way the wind blows.

[goldhunter1]

These anti frack crowds are like mobs looking for a witch to burn.
I guess we are waiting to see if they have the local politicians spooked enough to delay drilling. I certainly won't add to my position until I see which way the wind blows.

[74stingray]

Down 10%, No volume with todays news. Looks as if some are waiting for the drill results. I would have liked to seen less shares issued.
However this has the potential to be huge.

[futrcash]

Shoal Point Provides Update on Exploration Plans of Farmin Partner Black Spruce Exploration Corp.Â

Toronto, ON: Shoal Point Energy Ltd. (“Shoal Point” or the “Company”) announces that it is pleased with the progress being made by its farmin partner, Black Spruce Exploration Corp. (“BSE”) with regards to finalizing and obtaining regulatory approval for its exploration plans on Exploration Licence 1070 and also on Exploration Licences 1120 & 1097R.

BSE has been working closely with officials from both the Government of Newfoundland & Labrador (Department of Natural Resources and Department of the Environment) and the Canada Newfoundland & Labrador Offshore Petroleum Board (CNLOPB) to complete the required submissions including updates to environmental assessments and details of drilling and stimulation plans. Both BSE and Shoal Point are fully aware of the importance of a thorough and timely review process.

In addition, BSE has recently begun the process of updating the many stakeholders interested in these plans and this has included meetings with the Corner Brook Board of Trade and television and radio interviews.

See http://www.cbc.ca/thewestcoastmorningshow/episodes/2013/04/10/black-spruce-exploration----fracking-on-the-west-coast/Â; for the link to the CBC radio interview in Corner Brook

See http://ntv.ca/black-spruce-ready-to-begin-drilling-on-shoal-point/Â; for the link to the NTV television interview

Both companies continue to be very excited by the potential of this opportunity and by the benefits it will bring to Newfoundland & Labrador and specifically to the west coast of Newfoundland. The economic benefits will be substantial and will be achieved while conforming to the proven high standards that have been the hallmark of the Canadian Oil & Gas Industry.

high standards for casing all wells
over 200,000 hydraulically fractured wells in Canada … with not one case of drinking water contamination from stimulation fluid. (1)
(1) Source: CAPP (Canadian Association of Petroleum Producers)

http://www.capp.ca/aboutUs/mediaCentre/NewsReleases/Pages/operating-practices-for-hydraulic-fracturing.aspxÂ;

Please continue to check our web site (www.shoalpointenergy.com) for regular updates. Â

futr

[74stingray]

lots of Red in the Markets today

[74stingray]

Not many following this yet, hopefully they have no problems from the locals or government. Here is one Local looking forward to seeing drilling results.
Go SHPNF!!!!!

[prokopton]

Why would the company apply for a TSX listing if they didn't have advance knowledge of good things ahead? That would be a waste of resources.

[Bradj1984]

I do believe it is more of a local thing. Regarding permits and offshore drilling licenses. All we can do is hope. Regardless the cheap share price right now is well worth the risk of the potential this company has

[prokopton]

If the Canadian federal government has allowed Hibernia and the Alberta tar sands projects to proceed, what unwarranted precedence would they have to stop Shoal Point?

It may be different at the local level, though.

[Bradj1984]

Assuming the oil is there and the government allows them to drill and the working interest they will have to get it rolling