Replies to post #48 on Shoal Point Energy Ltd. (SHPNF)

[prokopton]

I've completed my DD on Shoal Point and here is what I came up with:

--2 independent third parties have estimated that there are about 23 billion barrels of oil. So there is confirmed oil on SHP's properties. The estimated recoverable oil is about 2-6 billion barrels, which is about $200 to $600 billion in value.

--the upcoming drilling program is to confirm if it'll be economically viable to recover the oil. If it's the case, IMO, SHP is easily a $8 stock.

http://www.shoalpointenergy.com/pdfs/SHPLONDONLangdon_14%20Dec%202011.pdf