Stonehorse Energy Limited is providing loans/Investment to...

Stonehorse Energy Limited is providing loans/Investment to “Superb Operating Company Ltd“monies for Superb Thermal oil Wells.

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The current arrangement is for a 30% return with anticipated payout in less in less than a year, or annualized to 40% /Year.

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This agreement is to upgrade 3 existing wells for 750K investment/loan.

But t Superb has 55 wells :

(26 active wells, 16 abandoned, 2 completed wells 10 suspended wells and 1 planned).

Data Source : https://www.wellwiki.org/wiki/Superb_Operating_Company_Ltd.

55 wells are more than 18 times (15/3) the number SHE current investment in Superb 3 wells.

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This provides a potential ample opportunity for SHE to invest its cash reserves for a quick and profitable return or around 40% per year if annualized.

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Hopefully will see further SHE investments in Superb’s numerous wells.

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Note :

Superb is very much into the hydrogen space, having patents and licensees in 16 countries as well as own wells.

In terms of energy storage per unit of weight efficiency ( Kilo_Joules/Kilogram) Hydrogen is far superior to Lithium, petrol and diesel and Toyota are pursing Hydrogen fuel cells projects for use in cars.

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In the long term I expect aircraft to be more likely to utilize Hydrogen fuel cells than Lithium Batteries.