Shoal Point Energy

Name

Shoal Point Energy

Legal name

Shoal Point Energy Ltd.

Website

https://shoalpointenergy.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Oil and Gas Extraction (211), Crude Petroleum Extraction (211120), Crude Petroleum Extraction (21112), Support Activities for Mining (2131)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)

akta.pro industry

PRIMARYEUALAAAB

Mineral Rights, Leasing & Land Management

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)

Keywords

• Oil and gas exploration
• Unconventional shale development
• Upstream energy production
• Working interest joint ventures
• Hydrocarbon resource evaluation

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Others, Personnel, Technology or R&D

Revenue model

1. Oil and Gas Production Sales: Company generates revenue from sale of crude oil and natural gas produced from its working interests in Kansas projects. Production from Pratt County wells includes gas production (approx 250 MCF/day initially) and oil production. Revenue is shared proportionate to working interests.
2. Exploration License Interests: Company holds oil and gas interests in exploration licenses in western Newfoundland (Humber Arm Allochthon) and has been seeking compensation of at least $483 million from Government of Newfoundland for alleged de facto expropriation of these exploration rights.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Shoal Point Energy is a junior oil and gas exploration and development company that earns working interests in onshore prospects by funding acquisition costs, 3D seismic programs, and drilling operations. Its core asset is the Humber Arm Allochthon shale play in western Newfoundland, where it holds exploration licenses, and it also holds working interests in Kansas oil and gas projects operated by Shelby Resources LLC. The company is pursuing a $483 million damages claim against the Government of Newfoundland and Labrador for de facto expropriation of its exploration rights.

Product overview

Shoal Point Energy is a public oil and gas exploration and development company listed on the CSE (SHP) and OTC (SHPNF). The company's portfolio consists of exploration projects including the Humber Arm Allochthon/Shale play in western Newfoundland (core asset), the Mount Evans project in Kansas, and the Pratt County project in Kansas. Operations include drilling wells, seismic data acquisition, and production testing activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Humber Arm Allochthon Exploration Asset Shale oil exploration asset in western Newfoundland covering the Green Point Shale formation of the Humber Arm Allochthon, with 428.4 million barrels best-estimate prospective resources. Held via exploration licenses subject to a 2013 Newfoundland moratorium on hydraulic fracturing.
• Mount Evans Kansas Project Oil and gas exploration prospect in Kansas targeting the Pawnee Sandstone formation at approximately 4,000 feet depth, operated by Shelby Resources LLC. Shoal Point earns a 65% working interest of an 80% net revenue interest by funding acquisition costs, 3D seismic (~US $420,000), and drilling of the first well (~US $135,000).
• Pratt County Kansas Project Oil and gas exploration project in Pratt County, Kansas operated by Shelby Resources LLC. Shoal Point holds a 6.5% working interest of an 81% net revenue interest for approximately US $50,000 acquisition and drilling costs on the first prospect, with similar terms on additional prospects.
• Newfoundland Expropriation Litigation Claim Legal claim filed against the Government of Newfoundland and Labrador seeking at least $483 million in damages for what the company characterizes as de facto expropriation and constructive taking of its interest in certain exploration lands following the 2013 moratorium on hydraulic fracturing. Three consent orders were agreed to on May 29, 2025 with security for costs set at $5,450 plus $2,000 upon completion of pre-trial procedures.

Quantifiable outcome

• 428.4 million barrels best-estimate prospective resources in Green Point Shale
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Borden Ladner Gervais LLP (BLG)coreImplementation/ SI/ Consulting Partner · 24 November 2023Shoal Point is represented by Randall Block, K.C. and Andrew Pozzobon from the Calgary office of Borden Ladner Gervais LLP (BLG) in its lawsuit against the Government of Newfoundland and Labrador seeking $483 million in damages for de facto expropriation.
• Shelby Resources LLC (Pratt County)coreStrategic or Co-development Partner · 10 March 2022Company elected to participate in Pratt County, Kansas exploration prospects operated by Shelby Resources LLC. First prospect of 1.25 sections gives Shoal Point option on two additional prospects. Shoal Point receives 6.5% working interest of 81% net revenue interest for approximately $50,000 acquisition and drilling costs.
• Shelby Resources LLCcoreStrategic or Co-development Partner · 7 June 2019Farm-in agreement signed June 7, 2019 for Mount Evans prospect in Kansas. Shelby Resources is a private company that has drilled 230 wells in Kansas since 1995 with 70% success rate. Shoal Point earns 65% working interest of 80% net revenue interest by paying US $75,000, financing 3D seismic (~$420,000), and drilling first well (~$135,000). Area of Mutual Interest is 121 square miles.
• Black Spruce Exploration Corp.minorStrategic or Co-development Partner · 22 September 2014Shoal Point and Black Spruce Exploration mutually agreed to terminate their farmout agreement dated January 11, 2013 and release each other from all obligations. Prior to termination, Black Spruce was the operator of Shoal Point's Newfoundland exploration activities. Termination included issuance of 7.5M shares and 7.5M warrants to Black Spruce.
• Ptarmigan Energy Inc.minorStrategic or Co-development Partner · 13 April 2011Shoal Point has farm-in agreement with Ptarmigan Energy Inc. dated April 13, 2011. Shoal Point has right to earn 80% working interest in portion of Exploration Licence 1120 (yellow hatched area) by drilling and testing a target within the Humber Arm Allochthon before January 15, 2016.

Scale indicators7 records

Recent moves9 records

Expansion highlights3 records

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/shoalpointcnsx
• LinkedInlinkedin.com/company/shoal-point-energy-ltd-shp-

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shoal Point Energy