AJQ armour energy limited
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News: AJQ Stonehorse Energy Makes Its Maiden Australian Oil And Gas Investment In Surat Basin

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    01/11/21
    12:55
    Post #: 57229358

    Nov 1 (Reuters) - Stonehorse Energy Ltd (SHE) :

    • STONEHORSE MAKES ITS MAIDEN AUSTRALIAN OIL AND GAS INVESTMENT IN SURAT BASIN, SOUTH EAST QUEENSLAND
    • ARMOUR ENERGY WILL RETAIN A 50% WORKING INTEREST FOR FIRST 7+ YEARS AS WELL AS 100% REVENUE AFTER THAT PERIOD
    • CO, INVESTORCO TO JOINTLY FUND AROUND A$1.5M FOR PERFORATION & STIMULATION, THEN FURTHER A$1.4M FOR A SECOND WELL INTERVENTION
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