I think, we are exactly were we wanted to be:

When passing the Aguathuna formation we come up with the Green Point Formation crossing at the Early Ordovician Formation. If you look into page 5 of the Shoal Point Project Presentation you will find where we are and BTW, this was pointed out in the presentation to be the "Green Point Source Rock".

http://www.canadianimperial.net/shoa...

What I do not know how reliable is this preliminary analysis, but we may hit it big.

What I like of this press release is:

"... The potential resource in the area of Port au Port Bay, which is exploitable from land-based deviated wells, may be in the order of 1 to 2 billion barrels of oil-in-place based on the exploitable area, potential reservoir thickness and estimates of reservoir parameters derived mainly from analogues. "

So, now we are talking of billion barrels and not millions, wow!

"Economically recoverable amounts cannot be estimated at present because of insufficient reservoir data. "

What kind of special equipment do we need right now and how long could it take?