SHE 0.00% 0.8¢ stonehorse energy limited

SHE and BRK, page-51

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    Under the terms of the agreement, Stonehorse has agreed to fund its proportionate share of all costs associated with drilling and completing the Jewell Well to earn its proportionate working interest share — up to 50 per cent. The company says drilling of the Jewell Well will unlock significant value in the company’s SWISH AIO acreage, estimated at 11,606,000 net barrels of oil equivalent.

    50% x 11,606,000 x $70 = $406m potential barrel value for $SHE portion. Very undervalued only 13m MC. Go figure. Breakout imminent to 0.040 at least.

    https://hotcopper.com.au/data/attachments/2990/2990980-45f5c59463dd1e857343d6b529ec1591.jpg
 
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