Ann: Canadian Operations Update, page-38

1) Another month of profit since last posting of estimate current assets.

	Table for Cash+Recent income + BRK etc shares	AUD$	Per Share AUD$
1	Today's date	5/04/2024
2	SHE Share price (1)	0.012
3	NumberStonehorse energy shares (2)	684,435,083
4	Market Cap (3)=(1)*(2)	8,213,221	0.012
5	Cash in bankon31/12/2024(4)	5,423,000
6	Caroline EBIT Oct to March Inclusive not shown in accounts	1,856,824
7	Gryphon EBIT January+ March Inclusive not shown in accounts	234,870
8	BRK + DMG Shares $ on market value (9)	637,173
9	Proton KP 5 loan Principle +interest for this qtr (11)	462,086
10	Cash in bank+monies owed+BRK Shares+Caroline+Gryphon	8,613,954
11	Enterprise value	-400,733
12	Cash expended on new wells for 2024	???

Enterprise Value is Negative,

Caroline(Pinecliff) well has at least 10 years of production in already having produced near enough 2 million in Profit( Not revenue) !

Hopefully Mr Deloub and the 3 Canadian will bring be working hard to bring on more wells with Pine cliff this year.





1) 6 month Oil Oil positive 6 month trend past 87 USD or 132 AUD per barrel today




3) Stonehorse energy Ltd have the rights to explore for Nickel Minerals on the Tenements M24/096 that again has been mentioned.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://hotcopper.com.au/documentdownload%3Fid%3DuOMxKKzFkiWRTLKhOROKAxjvTDYL4Q69yxbwv%252Fh78rFiGug%253D&ved=2ahUKEwjw_eKk9qmFAxWJma8BHUTaDGkQFnoECA8QAQ&usg=AOvVaw3zwKJ18kmmHSk-y6UdF92a



Their might be some material value to those rights.

4) 3 weeks and 2 days till next quarterly with expectation of large Revenue increase, and

5) Impatient selling off stone horse today,