David Deloub the CEO of Stonehorse energy has twice written that...

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.