tiprankstipranks
Stonehorse Energy’s Strong Q3 Production and Future Plans
Company Announcements

Stonehorse Energy’s Strong Q3 Production and Future Plans

Stonehorse Energy Ltd (AU:SHE) has released an update.

Don't Miss our Black Friday Offers:

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.

For further insights into AU:SHE stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App