The document discusses Shoal Point Energy's prospective resources in the Green Point Shale formation located offshore of Newfoundland, Canada. It estimates the formation contains 428 million barrels of oil prospectively recoverable. It describes the geology of the shale including its thickness of 1000-3000 meters. It also notes a provincial review of hydraulic fracturing is underway and Shoal Point is seeking a partner to help address the review and engage local communities.