Recent Answer from the investment hub Investor Questions:In the...

Recent Answer from the investment hub

Investor Questions:

In the ‘Quarterly activities report for3 months ending December 2023 ‘ on page 2 you reported that CertusCaroline well Produced:

a) Gas vol: 3,212 mcf/day

b) Condensate vol : 220 bbl/day

c) NGL vol : 445 bb/Day

Obviously NGL and condensate do notobtain the same price as WTI.

Q1. What most recent sale price didStonehorse energy obtain for the NGL (item a listed above) inDollars per BBL ?

A1. Average Nat Gas Price (Methane)Obtained in CAD$:

Oct 23: $2.72 mcf

Nov 23: $2.65 mcf

Q2. What most recent sale price didStonehorse energy obtain for the Condensate (item b above) per BBL ?

A2. Average Condensate (C-5+) Price in CAD $:

Oct: $111.39/bbl

Nov:$93/bbl

Q3. What most recent sale price didStonehorse energy obtain for the NGL (item c above) per BBL ?

A3. Average NGL (C2-C4) Price in CAD $:

Oct: $17.84/bbl

Nov:$17.40bbl

Q4. What production costs didStonehorse energy incur for Caroline well Gas produced per mcf ?

A4. Average Gas Production Cost (Royalty, Opex, Processing, Transportation) in CAD: $1.37/mcf

Q5. What production costs did Stonehorseenergy incur for Caroline well produced Condensate per BBL ?

A5. Average Condensate ProductionCost (Royalty, Opex, Processing, Transportation) in CAD: $5.18/bbl

Q6. What production costs didStonehorse energy incur for Caroline well produced NGL per BBL ?

A6. Average NGL Production Cost inCAD (Royalty, Opex, Processing, Transportation) in CAD: $5.26/bbl

Note:in addition there is a fixed field cost of $6263.5 CAD/month or $0.97 CAD/BOE.

Kindregards

Stonehorse.