May 10, 2012
Toronto, Ontario, May 3, 2012 – Shoal Point Energy Ltd. (CNSX- SHP) (“The Company”) reports that on May 2, 2012 it received a Resource Evaluation from AJM Deloitte of Calgary for Exploration Licenses 1070, 1120, and 1097R, offshore western Newfoundland. The report is dated March 12, 2012 and evaluates resources of the Green Point Formation within the Humber Arm Allochthon structural unit. The report utilizes and considers a variety of geological and geophysical data, including historical and modern wells in the Port au Port and Parsons Pond areas, a large dataset of offshore 2D seismic data, regional geological mapping and interpretation, and evidence for mature hydrocarbons in shallow wells and seeps.
Shoal Point Energy Receives Resource Evaluation for Consolidated Land Position, western Newfoundland, and Updates Testing Program for 3K39 Well
December 7, 2011
Toronto, ON: Shoal Point Energy Ltd. (“Shoal Point” or the “Company”) (SHP on CNSX)
announces that the work-over rig to be used in the next phase of drilling and testing at Shoal Point Well 3K-39 is currently being mobilized and is expected to be on site at Shoal Point by December 9, 2011.
Shoal Point Mobilizes Work-over Rig for Testing of Well 3K-39 and Closes Financing for $4,890,165
November 18, 2011
Calgary, Alberta, Canada – November 18, 2011: Ptarmigan Energy Inc. (Ptarmigan) has secured 100% working interest in two new parcels of land offshore Western Newfoundland. The Canada-Newfoundland and Labrador Offshore Petroleum Board has accepted Ptarmigan’s bid of $1,501,000.00 for Parcel 1 and $501,000.00 for Parcel 2 in Area “B” – Western Newfoundland and Labrador Offshore Region. Parcel 1 consists of 218,468 hectares, and Parcel 2 consists of 135,520 hectares. The effective date will be January 2012 for a nine year period.
Ptarmigan Moving On West Coast Offshore Exploration
October 5, 2011
The Telegram – August 27, 2011 - Craig Boland is definitely not a naysayer when it comes to oil exploration on the west coast of Newfoundland. Boland is the president and CEO of Ptarmigan Energy….
Ptarmigan Moving On West Coast Offshore Exploration
Western Newfoundland; one of the best kept secrets in the industry today.