Stonehorse Energy Q3 2024 Report

Stonehorse Energy Limited (ASX: $SHE) has released its Quarterly Activities Report for the three months ending 31 March 2024, showcasing robust operational performance and significant achievements. The report highlights the company's strong production figures and successful projects in both Canadian and Australian assets. Stonehorse Energy reported an average production of 1,375 BOE per day from the Caroline well and over 23,500 BOE from the Gryphon Wapiti well in the first 90 days of raw production.

Executive Commentary on Q3 2024 Performance

Stonehorse Executive Director David Deloub expressed satisfaction with the company's performance, stating, 'This has been an impressive first quarter 2024 for Stonehorse, with the Certus Caroline well producing well over 125,000 BOE for the quarter. Whilst the Wapiti well has a lower than expected oil cut, the well nevertheless is making a meaningful contribution to the overall production performance and provides valuable intel on the region and prospectivity.'

Summary of Q3 2024 Report and Outlook

Stonehorse Energy's Q3 2024 report demonstrates a strong operational performance, particularly in its Canadian assets. The Caroline well's impressive average production of 1,375 BOE per day and the successful production of over 23,500 BOE from the Gryphon Wapiti well indicate the company's robust position in the oil and gas sector. Despite delays in Australian assets, the company remains optimistic about completing planned activities and realizing production revenue in 2024. With a healthy financial position and a specialized platform for investors, Stonehorse Energy is well-positioned for expected growth and continued success in its operational endeavors.