The work program being undertaken by Shoal Point Energy Ltd. ("SPE") will be closely monitored and any implications on the prospectivity of the Green Point Shale in the Company's acreage assessed.
An update is ...
The Vancouver, British Columbia-based company's mostly contiguous land base at Chambers-Ferrier now totals 25 sections (16,000 gross acres) with an approximate average working interest of 79.5% in 16 of the 25 sections and varying interests in nine (9) wells.
Darden will remain on the board as a director and chairman emeritus. He will continue as an employee of the company through the end of the year, focusing on strategic transactions including the pursuit of a joint venture in the Horn River Basin in British Columbia.