How SHE Equity has grown from June 2019 to 31 December 2023, page-2

How SHE Equity has grown from June 2019 to 31 December 2023

A lot of positive mention has been made of Stonehorse energy accumulated cash positions,
but that is not the whole story, SHE has converted some of its CASH into working interest in wells.

In fact since 2019 Stonehorse energy under the leadership of David Deloub has increased it equity from -$903,826 in 2019 to $13,019,142 in December 2023.
i.e. SHE has grown its equity from below nothing to over 13 million through a combination of activities.Below is a table of the total Stonehorse equity taken from half yearly reports .

	Date	Equity
1	31-Dec-23	13,019,142
2	30-Jun-23	13,695,546
3	31-Dec-22	13,613,890
4	30-Jun-22	12,822,183
5	31-Dec-21	10,363,208
6	30-Jun-21	8,462,539
7	31-Dec-20	3,638,660
8	30-Jun-20	3,966,356
9	31-Dec-19	4,062,568
10	30-Jun-19	-903,826

And in image format.


Will the soon to be published annual report show an increase in equity due to the new wells ?
Make of this what you will.