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The latest announcement is out from Stonehorse Energy Ltd ( (AU:SHE) ).
Stonehorse Energy Limited reported that its Canadian wells outperformed production forecasts, achieving 319 BOE against an expected 284 BOE for the quarter, despite a 29% revenue drop due to lower oil and gas prices. In the US, the company’s oil and gas well portfolio saw improved production, generating approximately 50,201 BOE for the March quarter. The company is also intensifying its Canadian business development efforts to capitalize on industry volatility.
More about Stonehorse Energy Ltd
Stonehorse Energy Limited is an oil and gas producer based in Perth, Western Australia. The company focuses on the exploration and production of oil and gas assets, with operations in both Canada and the United States.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.11M
For a thorough assessment of SHE stock, go to TipRanks’ Stock Analysis page.
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