David Deloub the CEO of Stonehorse energy has twice written that dividends are to paid after opening a certain number of wells or upon reaching a certain production.
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Update of Calendar
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StonehorseCalendar T - minus Days months Today 20/02/2024 0 0.0 Announcement JV Certus 21/07/2023 -209 -6.9 Happy spud day ! (Certus:1-27-33) 4/08/2023 -196 -6.4 Finished Drilling, Drill release: 30 days 12/09/2023 -158 -5.2 Annual report 2023 approx release date 29/09/2023 -141 -4.6 Test Results,prod eqp install start 9/10/2023 -131 -4.3 SpudGryphon Wapiti 16-02-65-08 (20 days) 22/10/2023 -118 -3.9 Production:mid Q4, 7 days after release 16/10/2023 -124 -4.1 Online,Sales: 1 week 7/11/2023 -103 -3.4 Gryphon: Drill release (3280m) 11/11/2023 -99 -3.3 IP21 results 25,000 BOE 13/11/2023 -97 -3.2 Myall Creek-2, planned re-stimulation 4/12/2023 -76 -2.5 Gryphon initial sales 12/01/2024 -38 -1.2 Quarterly results december 2023 31/01/2024 -19 -0.6 vote on relection of bourd(spillover) timeout 28/02/2024 8 0.3 Half year accounts 16/03/2024 26 0.9 Performance rights Expiray$0.04, 4m@$0.06, $0.08 25/10/2024 245 8.1 Dividends Potential if 4 new multiple wells/year 30/06/2025 490 16.1 KEY Green = Certus 1-27-33 Myall Creek-2: Surat basin,Qld orange=Gryphon wapiti 16-02-65-08 Options 3*4 million at 0.024
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- Certus was as success in October
- Grypon well online and selling oil since the beginning of January.
- Older well's still producing including the Jewell well with significant reserves not extracted yet.
- Trans mountain pipeline progressing allowing Alberata to ship to far east, bypassing the red sea.
- Oil prices 20% higher than when new wells were planned.
- SHE market cap 90% backed by cash, proton loan, revenue from last quarter and this quarter.
- More wells expected in 2024 thanks to re-investment. leading to rapid growth in earnings, cash holdings and share price once P/E comes into affect.
- Enterprise value to earnings expected to start rising on earnings growth and then significantly after dividends.
- Lifetime of Canada wells expected to be 20 years.
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Table for Cash+Recent income + BRK etc shares AUD$ Per Share AUD$ Today's date 20/02/2024 SHE Share price (1) 0.013 NumberStonehorse energy shares (2) 684,435,083 Market Cap (3)=(1)*(2) 8,897,656 0.013 Cash in bankon31/12/2024(4) 5,423,000 Caroline production Revenue that was excluded October 100,000 Caroline production Revenue that was excluded November 294,000 Caroline production Revenue that was excluded December 267,000 Caroline production Revenue January 253,000 Monies from caroline production February till today 125,000 Gryphon production revenue January 231,000 Gryphon production Revenue February till today 99,000 BRK + DMG Shares $ on market value (9) 495,000 Cash in bank+monies owed+BRK Shares 7,287,000 0.0106 Proton KP 5 loan Principle +interest for this qtr (11) 462,086 Cash in bank +monies owed +BRK shares+Proton loan+interest 7,749,086 0.0113 Enterprise value 1,148,570 Cash expended on new wells for 2024 ???
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Stonehorse energy appears hilariously undervalued.
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Ignore personal diatribes from credit dumbness,
he hates any one who thinks Stonehorse energy and their CEO David deloub is doing a great job.
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