Shoal Point files lawsuit against Newfoundland and Labrador


Shoal Point Energy Ltd.

Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol “SHP”. The Company is planning to wind up its oil and gas exploration activities in Kansas and retains its oil and gas interests in the Humber Arm Allochthon play in western Newfoundland.

The Company has filed a lawsuit against the Government of Newfoundland and Labrador claiming at least $483,000,000.00 for the constructive taking or de facto expropriation of the Company’s interest in certain exploration lands, among other claims.

Humber Arm Allochthon

Cautionary Statement

This website refers to an NI 51-101 compliant resource study with an effective date of March 31, 2014 by Morning Star Consultants which summarizes estimates of Petroleum Initially in Place (PIIP).

Readers are cautioned that the estimate of remaining recoverable resources (un-risked) includes prospective resources that have not been adjusted for risk based on the chance of discovery or chance of development. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. Actual recovery is likely to be less and may be substantially less or zero.