Ann: Quarterly Activity and Cashflow Report, page-45

More accurate calculation of Stone horse Current liquid assets value.
Tables are related by Color coded values


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Market cap still following current liquid assets.
Explanation of how some cells are calculated:

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summary.
Enterprise value is just above zero and Market Cap is tracking Current liquid assets completely ignoring Producing wells new and old future cash production. How crazy is that.
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Caroline well + older wells are producing around 950 thousand dollars a month. sso

Stonehorse energy is earning its Market Cap in Revenue every 10.7 months. And it has a very high profit margin if it does not invest in new wells.

Once gryphon well comes on line in around a month.. then it monthly revenue will be around 1.4 million, meaning its revenue in 3/4 quarters of a year will exceed its current market cap.
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And if it chooses not to invest in new wells then its profit margins are very high and it has past tax losses from prior to its reverse takeover..
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To call this company simply undervalued is missing the magnitude of how much so it is.
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This is such an irrational market price that its insane.




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These are my estimates: do your own research.