Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/shoal-point-gets-extension-to-exploration-licence-.shtmlShoal Point gets extension to exploration licence 1120
Mark Jarvis, CEO of Shoal Point Energy says that, pursuant to Shoal Point's farm-in agreement with Ptarmigan Energy Inc. dated April 13, 2011,
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Mark Jarvis, CEO of Shoal Point Energy says that, pursuant to Shoal Point's farm-in agreement with Ptarmigan Energy Inc. dated April 13, 2011, Ptarmigan Energy has granted Shoal Point an extension until January 15, 2016 to complete its obligation to drill and test a well in EL 1120.
Shoal Point has the right to earn an 80% interest in that part of the Humber Arm Allochthon within approximately 7 kilometers of the shoreline in EL 1120, located immediately north of Shoal Point's 100% owned EL 1070.
