SHE

28.6%

0.9¢ stonehorse energy limited

look forward to finding out where you got the 31.5 % from.

First 80 Last

Share
Profile

Follow
Value4983843

2,320 Posts.

113

29/01/24

22:54

Post #: 72121791
Share

Originally posted by danpech: ↑

The SHE report in Jan has the production stream as per below

Gryphon Wapiti Hz well 16-2 successfully tied in andcommenced production January 1, 2024.Perth, Western Australia – 15th January 2024 – Stonehorse Energy Limited(ASX: SHE) is pleased to announce the Caroline well’s IP 90 averageproduction at an impressive 1,085 BOE per day of sales, equating to 285BOE per day for Stonehorse’s net 26.25% working interest.The Company is also pleased to announce the successful completion, tiein and first production on the Gryphon, Wapiti well.Key Highlights:Caroline 01-27-33-05 well production performance:• Produced over 80,000 BOE (Raw Sales) in the first 90 days of production.• Operational Uptime of >97%.• Current daily production summary January 15th, 2024 (estimated sales):❖ Gas vol: 3,200 mcf/day❖ Condensate. vol: 190 bbl/day❖ NGL vol: 370 bbl/day❖ Water: Now less than 35 bbl/day and continuing to clean up.❖ BOE 8/8ths: 1090 BOED❖ SHE BOE net equivalent (26.25%): 286 BOED

No oil produced, just condensate plus gas and NGL.

Condensate can be treated as oil in this case as mentioned before, and that is to which the $ 20 per barrel production cost and $ 50 per barrel net cash margin can be applied to.

Speaking in gas terms, and not converting to BOE, the well is producing 3.2 million cubic feet gas per day( 3.2mmcfgpd) at a cost of $ 1.2 per mcf or a cash margin of $1.3 per mcf. This means the well cash margin on a 100% basis is 3200 x 1.3 = $ 4160 per day. SHE’s 26.25 WI produces $1092 per day…. The same number I showed in the previous post.

As I said, you can use BOEPD for a multi stream production well, but you need to seperate the individual streams in term of flow and price received per BOE,

At US$ 80 a barrel of oil, for a BOE of gas to fetch the same value, gas needs to sell at $13.33 per MCF.

I really hope you get a grip on this concept as I’m running out of ways to explain it.

Expand

look forward to finding out where you got the 31.5 % from.

SHE Price at posting: 1.4¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The market's shrugged at China's stimulus measures all year. Why is this one different?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

There are more pages in this discussion • 29 more messages in this thread...

First 80 Last

Add SHE (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.002(28.6%)		Mkt cap ! $6.159M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$10.02K	1.236M

Buyers (Bids)

No.	Vol.	Price($)
6	6984739	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	745879	1

View Market Depth

No.	Vol.	Price($)
5	4984739	0.007
4	1189742	0.006
2	1000000	0.005
2	1300000	0.004
2	1600000	0.003

Price($)	Vol.	No.
0.009	745879	1
0.010	1500000	3
0.011	920690	2
0.012	800000	1
0.013	100000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

SHE (ASX) Chart

look forward to finding out where you got the 31.5 % from.

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

ACCC seeks Olam divestments before it can buy Namoi Cotton

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

look forward to finding out where you got the 31.5 % from.

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

ACCC seeks Olam divestments before it can buy Namoi Cotton

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News