Exploration License 1120 Extended For One Year
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/19/15 -- Shoal Point Energy (CSE: SHP) has been informed by license holders Ptarmigan Energy Inc. and Black Spruce Exploration Corp. that a drilling deposit has been filed with the Canada-Newfoundland Labrador Offshore Petroleum Board (C-NLOPB), and the Board has agreed to extend Period I of EL 1120 by one year, in accordance with the terms and conditions of the license. The C-NLOPB has confirmed that Period I of the license will now expire on January 15, 2016.
Under an amended farmout agreement with Ptarmigan Energy, Shoal Point Energy has the right to earn an 80% working interest in a portion (yellow hatched in map below) of EL 1120 by drilling and testing a target within the Humber Arm Allochthon. This test well must be spudded before January 15, 2016.
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The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release.
Contacts:
Shoal Point Energy
Mr. Mark Jarvis
Chief Executive Officer
416-637-2181 extension 310
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Datum: 19.01.2015 - 08:04 Uhr
Sprache: Deutsch
News-ID 1330971
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VANCOUVER, BRITISH COLUMBIA
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Oil & Gas
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"Exploration License 1120 Extended For One Year
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