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Message: Off topic - SHP listed on cnsx

Since this board is ready to fold, I am going off topic to tell you about my biggest holding in a spec stock. Shoal Point Energy controls over 700,000 acres of oil bearing green point shale in Western Newfoundland. They literally have one of the largest such plays in North America with literally billions of barrels of oil in place, and it's light sweet crude like Brent.

This summer the SP hit .45 but has fallen back to only .06 because they were not allowed to frack the last well that was drilled. They now have permission to frack and will drill and frack next year. The price is being held at .06 because they are currently doing a PP @.06 with warrants attached @.15.

They are looking for a joint venture partner with money in exchange for a big piece of the action. I believe something may be very close.

Check out their website plus Agoracom also has a site - SHP

Rico

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