SHE 28.6% 0.9¢ stonehorse energy limited

Ann: Quarterly Activity and Cashflow Report, page-196

  1. 2,320 Posts.
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    What if SHE only open 1 set of wells in 2024.
    .
    i.e.two more certus sections and 2 more Gryphon sections and then no more wells then the cash accumulated is shown in graph.
    .
    https://hotcopper.com.au/data/attachments/5978/5978594-3bdb113f3b7fc0320d41f405c7700a38.jpg

    So after 5 years cash holdings will be around 27 million , so ignore future cash flows , a 0 Enterprise value should result in a share price of 3.9 cents
    or 300% of its current share price.
    .








 
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