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The latest update is out from Stonehorse Energy Ltd ( (AU:SHE) ).
Stonehorse Energy Limited reported that its Canadian wells exceeded production forecasts but generated lower revenue due to weak natural gas prices. The U.S. portfolio saw significant improvement, particularly from the Jewell well, which increased production substantially. The company maintained a strong cash position, ended the quarter with $6.5 million, and is exploring new opportunities in Canada despite some delays.
More about Stonehorse Energy Ltd
Stonehorse Energy Limited is an oil and gas producer based in Perth, Western Australia, with operations in Canada and the United States. The company focuses on developing and managing oil and gas wells and has a market presence on the Australian Securities Exchange under the ticker ASX:SHE.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.79M
See more data about SHE stock on TipRanks’ Stock Analysis page.