Shoal Point Energy Ltd.
Shoal Point Energy Ltd is a public company with a 100% interest in the shallow rights in Exploration License EL#1070 in the Province of Newfoundland comprising approximately 150,000 acres of oil-in-shale in Port au Port Bay and which can be developed almost entirely from land. In addition, Shoal Point has an agreement to earn a net 80% interest in the 67,298 acres of Green Point Shale (shallow rights) of EL #1120 which is owned by Ptarmigan Energy Inc. The total potential gross acreage in the Green Point Shale is approximately 220,000 acres.
Shoal Point Energy Ltd. (SHP)
Le 5 février/February 2018
Shoal Point Energy Ltd. has announced a consolidation of its issued and outstanding share capital on the basis of 1 post-consolidation share for each 25 pre-consolidation common shares.
As a result, the outstanding shares of the company will be reduced to approximately 21,770,810.
The shares will begin trading on a consolidated basis and with a new CUSIP number on February 6, 2018.
The name and symbol will not change.