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25.0% 1.0¢ stonehorse energy limited

The Certus well has already been paid for,And if you subtract...

  1. Value4983843
    2,039 Posts.
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    06/10/23
    10:49
    Post #: 70204664
    The Certus well has already been paid for,And if you subtract the cost of the Gryphon well from Current assets(Cash+BRK shares) then the enterprise value you get close to 0.

    This means that even if Certus and Gryphon wells produce nothing then this is already factored into the share price.
    Any oil revenue produced is a bonus and will increase the cash holdings.

    Increasing the cash holdings will results in either the share price going up or Negative enterprise value unless of course the invest in further wells

    https://hotcopper.com.au/posts/70130526/single
    .
    SHE Price at posting: 1.6¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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