Stonehorse Energy (ASX: $SHE) Canadian Operations Update

Stonehorse Energy Limited (ASX: $SHE) has announced the impressive production volumes for the Caroline and Wapiti wells located in Alberta, Canada. The Caroline well produced over 165,000 barrels of oil equivalent (BOE) in the first 135 days of production, with an average daily production of 1,220 BOE per day of gross sales. The Wapiti well, on the other hand, produced over 17,000 BOE in the first 60 days of production.

Executive Director's Commentary on Production Performance

Stonehorse Executive Director David Deloub expressed satisfaction with the performance of the company's first two Western Canadian oil and gas well investments. He highlighted the Caroline well's significant contribution to the company's total daily production and revenue, emphasizing the ongoing evaluation of accretive opportunities in the area.

Summary of Canadian Operations Update

Stonehorse Energy (ASX: $SHE) has reported strong production performance in its Canadian operations, with the Caroline well demonstrating impressive production volumes and revenue generation. The company continues to prioritize accretive opportunities in the region as it aims to add new production and generate revenue. Stonehorse Energy's focus on onshore oil and gas in North America aligns with its strategy of building a portfolio of high-quality well bore assets, reflecting its risk appetite and capital availability. The company's forward-looking approach underscores its commitment to evaluating and pursuing opportunities for growth and expansion.