Latest news with #MarkJarvis
Yahoo
4 days ago
- Business
- Yahoo
Shoal Point - Clarification to CEO letter
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2025) - In the CEO's letter released yesterday, the statement was made that "Total expenses to maintain our CSE listing amount to over $100,000 per year." We wish to clarify that listing fees are only part of that total, which includes legal fees, accounting fees, audit fees and more. We also wish to clarify that the next likely step will be a Cease Trade order, which will ultimately lead to a delisting if the default is not corrected. 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 suing the government of Newfoundland and Labrador for at least $483,000,000 for "de facto expropriation" or "constructive taking" of its rights to develop its oil and gas interests in western Newfoundland. For further information, please contact:Mr. Mark Jarvis,Chief Executive OfficerTel - 604 681 2300 The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this letter to shareholders. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Shoal Point Energy: Consent Orders Agreed to in Litigation with Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point"), announced today that three consent orders between Shoal Point Energy Ltd. and His Majesty in Right of Newfoundland and Labrador ("HMK") have been agreed to and are being filed with the court. The first consent order settles a dispute regarding security for costs. Among other provisions, Shoal Point shall pay security for costs in the amount of $5,450 on or before June 6, 2025, and the amount of $2,000 upon the completion of all pre-trial procedures up to and including attendance at a pre-trial conference. The second consent order compels HMK to file and serve its List of Documents pursuant to Rule 32 of the Rules of the Supreme Court within 105 days of Shoal Point paying the security for costs of $5,450, and for Shoal Point to file and serve its amended List of Documents by the same date. The third consent order assigns the lawsuit to case management, which shall be conducted in accordance with Rule 18A. A case management judge shall be appointed in accordance with Rules 18A.04(1)(c) and 18A.04(2). The complete consent orders will be posted to Shoal Point's website ( once they have been processed by the Court and signed by a judge. "The successful negotiation of these consent orders is an important step in our attempts to seek justice," said Mr. Jarvis. "It allows the process of document and oral discovery to begin. Case management under the supervision of a judge should allow matters to proceed more expeditiously than to date." 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 suing the government of Newfoundland and Labrador for at least $483,000,000 for "de facto expropriation" or "constructive taking" of its rights to develop its oil and gas interests in western Newfoundland. For further information, please contact: Mr. Mark Jarvis, Chief Executive Officer Tel - 604-681-2300 The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release. To view the source version of this press release, please visit
Yahoo
17-05-2025
- Climate
- Yahoo
Tornado Alley shifting into Kentucky? A meteorologist says it's too soon to tell
An unconfirmed tornado touched down late Friday in Southeastern Kentucky, leaving at least 18 people dead in the region. The damage, including flattened buildings, twisted power lines and smashed cars, may remind some Kentuckians of the Western Kentucky tornado outbreak of December 2021, though these latest storms are much smaller in scope. For fatigued Kentuckians, it marks yet another disaster after rounds of flooding in February and early April killed 29 people in the state, including two children. It brings the total death toll for punishing storms to at least 43 in Kentucky this year. Given the frequency of tornadoes in recent years, some Kentuckians may be wondering if Tornado Alley is shifting eastward into the Bluegrass State. The system that spawned in Missouri Friday and brought destruction to Kentucky was what one meteorologist described as the 'perfect storm' for producing tornadoes. To get at that question, we spoke with National Weather Service meteorologist Mark Jarvis, of the agency's Louisville office. As is often the case with science, things are more complicated than they seem on the surface. Here's what to understand about recent tornado activity in Kentucky. No. The region is often loosely defined, but the core of Tornado Alley encompasses Midwestern states such as South Dakota, Nebraska, Kansas, Oklahoma and Texas. It's worth noting Tornado Alley as a concept can often be misleading. As the National Oceanic and Atmospheric Administration explains, U.S. tornado threats shift between regions with the changing of the seasons. Tornadoes can occur in all 50 states and violent ones happen outside of what we think of as 'Tornado Alley' every year. According to Jarvis, the answer is no. There simply isn't enough evidence yet to suggest that's definitively happening. More research is needed, Jarvis told the Herald-Leader in a Saturday morning call. 'Tornado Alley really hasn't shifted east at all,' Jarvis said. 'It's still a region in the central United States where you have tornadoes that are more frequent and more intense, and that's because of the geographic location.' Jarvis said there has been some uptick in tornadoes across the Deep South in places like Mississippi and Alabama, states that are typically grouped into the colloquial 'Dixie Alley' for frequent and strong tornado activity. That said, Kentucky isn't among the states included in Dixie Alley. Storms and severe weather are not uncommon for Kentucky during the spring and fall months, particularly between March and late May in the spring and October to November in the fall, Jarvis said. In Kentucky, the counties that tend to see the most tornadoes are in the western half of the state, particularly west of Interstate 165, formerly named the Natcher Parkway, Jarvis said. That's not to say there aren't 'hot spots' for tornado activity outside of Western Kentucky. Tornadoes can occur in any place where conditions are favorable to their formation, particularly areas that see supercell thunderstorms, which are strong thunderstorms capable of producing large hail and the most powerful tornadoes. Do you have a question about weather or climate for our service journalism team? We'd like to hear from you. Fill out our Know Your Kentucky form or email ask@
