Ann: Quarterly Activity and Cashflow Report, page-47

Under the terms of the agreement, Stonehorse has agreed to fund its proportionate share of all costs associated with drilling and completing the Jewell Well to earn its proportionate working interest share — up to 50%. The company says drilling of the Jewell Well will unlock significant value in the company’s SWISH AIO acreage, estimated at 11,606,000 net barrels of oil equivalent.50% x 11,606,000 x $70 = $406m potential barrel value for $SHE portion.

Very undervalued only 17m MC. Go figure. Broken 0.028 resistance. Breakout imminent to 0.040 at least. But a proper drill result should realize the true future value here, way above 0.050.