MONTHLY PROGRESS REPORT for the Month of July

Welcome To The Shoal Point Energy HUB On AGORACOM

Shoal Point Energy Ltd. is a petroleum exploration and development company

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MONTHLY PROGRESS REPORT for the Month of July

posted on Aug 08, 2023 04:24PM

Provide a general overview and discussion of the activities of management.

Management is actively evaluating new opportunities both in Newfoundland and in other jurisdictions.

The Company entered into an agreement with Shelby Resources regarding three plays in Pratt County, Kansas. Shoal Point is participating as to a 6.5% working interest and has now drilled 6 wells of which 1 was abandoned. Total production from 3 wells is averaging 22 barrels of oil per day and 50 MCF gas per day.

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