Fracking group unimpressed with Shoal Point Energy updates

Frank
Frank Gale
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Shoal Point Energy recently posted an article on its website updating oil resources on its properties in western Newfoundland, but the local fracking awareness group is not impressed.

The company is closely watching where the province is moving with its moratorium on hydraulic fracturing, and the Port au Port-Bay St. George Fracking Awareness Group is doing the same.

Mark Jarvis, chief executive officer of Shoal Point Energy Corp., said in the article the company wanted to review its Green Point Shale resource in western Newfoundland in light of the rapid increase in understanding of shale plays in recent years. The company selected Morning Star Consultants of Austin, Texas, to perform the study.

Jarvis said the best estimate of the prospective resources is 428.4 million barrels of oil.

“This is an economic opportunity for Western Newfoundland on a par with the large oilfields offshore of Eastern Newfoundland,” he said in the article.

“We are committed to work with the government and people of Newfoundland and Labrador to responsibly develop this immense resource.”

Wayne Hounsell, past chairman of the fracking awareness group, said the group would be willing to meet with Shoal Point Energy representatives at any time if they came to this province.

However, he also says it’s just business talk coming from Jarvis. Hounsell said the company is more interested in its own economic opportunities than that of people in the area.

“The company hasn’t been in the news lately and it’s our feeling this story is to say they’re alive and they have a heartbeat, but we’re not sure how strong it is,” Hounsell said.

In the meantime, the awareness group is still calling on the provincial government to have an

independent study done on fracking.

“We have major concerns and we’re waiting for government to give its reports,” Hounsell said. “(The Department of Natural Resources) promised to go to the public for consultations and an exchange of information before making their final decision on hydraulic fracturing.”

Shoal Point Energy has more than 220,000 acres of oil-in-shale at its Green Point Shale resource in the Bay St. George area.

 

 

Organizations: Department of Natural Resources

Geographic location: Newfoundland and Labrador, Port au Port-Bay, Austin, Texas

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Recent comments

  • A. Aguathuna
    July 11, 2014 - 08:01

    Why are a significant number of these anti-industry activists retired teachers who have lives of defined benefit pension luxury?

  • Charles Murphy
    June 17, 2014 - 12:07

    Can I ask a question? Would you stand by, and lets some pop a window out of your home? If your answer is " No ", why let someone ruin our " Environment. We just don't need those few jobs that bad, Go to your MHA. he/she should be able to show you how to turn out five million dollars of products we ship in each year. creating jobs for your district, then there no need for this type of destruction.

    • david
      June 17, 2014 - 12:57

      We don't have to tksae ANY jobs...guv'mint money makes it all pointless. ATVs for all.

  • Derm English
    June 17, 2014 - 08:54

    Don't believe a word they say. They (the oil companies) are all lying sacks of , well you know what. Maybe if they tell us what the ingredients are they pump into the ground, then, maybe then a real discussion can occur

    • david
      June 17, 2014 - 13:33

      By risking tens of millions of their own money, the "lying sacks" discovered oil and saved this province from financial oblivion. How comfortable it must be to be so arrogant and smug over a windfall that saved us from the cruel fate of self-inflicted incompetence, and with which we had no hand whatsoever in achieving.

  • david
    June 17, 2014 - 08:12

    Funny how a group claiming to want "more study" based on "all the information" are actually the ones who have decided they know more than enough, don't want to hear anything at all, and have decided what opinion they hold. But who needs a job !? A tourist in every pot!

    • Chantal
      June 17, 2014 - 09:54

      Kind of like the climate change deniers? Oh, except the flat earthers don't want more studies, just faith in the oil companies and the promise of jobs (even if they are from outside the province and temporary). Isn't that how they got you to tear up your railway tracks?

    • david
      June 17, 2014 - 13:19

      It is you who are nothing but a pathetic 'petroleum denier'. Every cent this province has (and promptly wastes) comes from oil. Every Nflder living in Alberta got every dime he owns from oil. You are the worst kind of self-unaware, clueless hypocrite. The equivalent of an inbred Newfoundland Dog that can't help but bite the hand that feeds you. It's your troubled nature.