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Oil, gas capital raises in February: Total collected slows down to $7 76B

Blog PODCAST Blog Blog 10 Mar, 2021 Author Dyna Mariel Bade U.S. oil and gas companies covered by S&P Global Market Intelligence raised $7.76 billion of capital in February, a decrease from the approximately $13.65 billion of capital recorded in January. Debt offerings contributed the most with $7.22 billion, while common stock offerings and private placements brought in total capital of $537.8 million. As of February, only oil and gas exploration and production companies recorded an increase from the year-ago period, after raising $9.70 billion. Oil and gas storage and transportation companies pulled in $9.77 billion, a decline from $16.60 billion a year earlier. Oil and gas refining and marketing companies raked in $1.94 billion, a drop from $2.00 billion in the prior-year period.

Shoal Point Energy Ltd : Shoal Point Energy Announces Closing of Private Placement

Shoal Point Energy Ltd : Shoal Point Announces Private Placement

Shoal Point Energy Ltd.: Shoal Point Announces Private Placement Vancouver, British Columbia (Newsfile Corp. - February 9, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), today announced a non-brokered Private Placement of up to 5,000,000 units at a price of $0.07 per unit for total gross proceeds of up to $350,000.00. Each unit will consist of one share and one warrant. The warrants will have a term of 3 years from the date of closing and each full warrant will be exercisable for one new share at a price of $0.10. Finder s fees may be payable on some of the units placed. Use of proceeds will be to fund the Company s operations at the Mt. Evans project in Kansas and for general corporate purposes.

Shoal Point Energy Ltd : Shoal Point Energy to Spud Second Mt Evans Well

Shoal Point Energy Ltd.: Shoal Point Energy to Spud Second Mt. Evans Well Vancouver, British Columbia (Newsfile Corp. - February 3, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE:SHP) announced today that the Company plans to spud its second well in the Mount Evans project in Kansas at approximately the end of February. Shoal Point is a 65% working interest partner in the project and Shelby Resources has the remaining 35% working interest. About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol SHP . The company is focused on its Mount Evans project in Kansas and retains its oil and gas interests in the Humber Arm Allochthon play in western Newfoundland.

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