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Stonehorse Energy Surpasses Production Targets Amid Gas Price Challenges
6:32pm on Sunday 1st of June, 2025 AEST
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Energy
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Stonehorse Energy Surpasses Production Targets Amid Gas Price Challenges
6:32pm on Sunday 1st of June, 2025 AEST
Key Points
Canadian wells exceeded production forecast by 24%
US portfolio production improved, notably Jewell well output more than doubled
Revenue declined 36% from pre-drill forecasts due to low gas prices and Wapiti well underperformance
Cash reserves increased to $6.5 million with steady operating cash flow
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