Stonehorse Energy Ltd (AU:SHE) has released an update.
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Stonehorse Energy Ltd reported strong production performance from its Canadian wells, achieving 34,503 BOE against a forecast of 26,576 BOE, despite weaker natural gas prices impacting revenue. The company’s US portfolio also met production forecasts, contributing to a total quarterly production of 70,000 BOE and a positive operating cash flow of $290,000. Stonehorse is actively negotiating participation in a new multi-well project, aiming to finalize agreements by the end of 2024.
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