Shoal Point Energy Encouraged by Preliminary Results of Well 3K-39

Shoal Point Energy Ltd. (CNSX:SHP) reports results of a petrophysical analysis from NuTech Energy Alliance Ltd.

The press release is quoted as saying:

Shoal Point Energy Ltd is a public company earning an 80.75% interest in Exploration Licence #1070 in the Province of Newfoundland comprising approximately 150,000 acres of oil-in-shale and the right to earn a net 48% interest in approximately 67,285 acres in Exploration Licence #1120.

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