Production Rates Continue to Increase Tracking well above Pre-drill Estimates
Perth, Western Australia – 5th October 2021 – Stonehorse Energy Limited (ASX: SHE) is pleased to provide shareholders and investors with an update on well operations regarding the Jewell 1-13-12 SXH well (Jewell Well) located in Carter County, Oklahoma in North America’s Anadarko Basin.
The Company is pleased to report that production from the Jewell well continues to increase through flowback and fluid recovery operations. Daily production has now reached 1,348 BOE (83% liquids and 17% gas) with approximately 25% of the stimulation fluid now recovered.
Oil and (liquids rich) gas production rates are expected to continue to increase beyond these current rates over the coming weeks. Commenting on the announcement Stonehorse Executive Director David Deloub said, “we are extremely pleased with the well performance to date, particularly with liquids production now in excess of 1,100 barrels per day”.
