Stonehorse energy growth over the last 1600 days can be shown in...

Stonehorse energy growth over the last 1600 days can be shown in the graph below



1) They have now spent some of their cash successfully opening up two new wells, one of which was under budget and the other is producing above expectations. Consequently their cash is holdings has fallen but is still very high relative to their market cap.

2) They have a uncalled on loan facility from the bank, which means the bank believe stonehorse energy can repay 15 million if needed.

3) They have 4 sections/.segments they can take advantage off which means they can open more well segments at a fraction of a fresh drill cost,means less risk, less cost, and more profit.

Do a spread sheet on forward revenue, we know the production volumes, we know the price per barrel from the Alberta government, we know the costss including transport cost, we know the Royalties, its all online information. and calculate the forward cash and earning position.

Now factor in the gryphon and Certus well segment/section options and their production and tits a very positive picture.
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In 1 to 3 years time even if the earnings are not factored into the share price and they stop investing in new wells in 1 years time, calculate what the net cash position would be. Its great ...

But you know what,...how many people bother actually doing that research, finding out the prices, asking the board questions, ..
Some probably do and they probably dont share it, instead they accumulate. And guess what the list of the T10 share holders indicate year on year. It indicates mostly that hey have been accumulating.

Period.


James, me ,others..we know where SHE is going. and will will vote David deloub in


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You can cast your woolly aspersion, noise and effluent all you like ,it doe not change the fundamentals, and congratulations to David deloub by not being distracted overally by people like Credit dumbness slander of him.
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