0.5c per share dividend, page-92

Stonehorse energy (SHE) has gone up but it still has negative enterprise value:
BRK has gone up,
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			31/03/2023	11/05/2023	% increase
1	BRK Shares share price		0.012	0.016	33%
2	Value of BRK shares		630,000	840,000	33%
3	Cash in bank at 31/3/2023		10,580,000
4	Income 31/3/2023 to 11/5/2023			545,918
5	Estimated cash in bank at 10/5/2023			11,125,918
6	EstimateCash +liquid BRK shares 08/5/2023			11,965,918
7
8	# shares		684,435,083
9	share price 11/05/2023			0.017
10	Market Cap			11,635,396
11	Liquid assets			11,965,918
12	Market Cap -Liquid assets			-330,521
13	Market cap % below Cash + liquid BRK shares			2.8%

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Net Deferred Tax losses in annual report are reported for 2022 as 7,395,993 and for 2021as 7,148,457 . IF they are reporting Deferred Tax losses then it implies the ATO have agreed to these being deferred tax losses.

I believe the Deferred Tax losses can be carried forward to offset future tax. If they these were utilized over the last 2 years then would have have a few extra million in the kitty.
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Why are they not utilizing these tax losses,They should be counted as an asset but if they are not being used then !

SHE share price is still within negative enterprise value and that is without recording the assets of Oil in the ground ,wells pumping, Working interest or even over 7 million in accrued deferred tax losses.