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Stonehorse Energy Surpasses Canadian Production Targets Despite Revenue Headwinds
4:16am on Monday 2nd of June, 2025 AEST
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Energy
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Stonehorse Energy Surpasses Canadian Production Targets Despite Revenue Headwinds
4:16am on Monday 2nd of June, 2025 AEST
Key Points
Canadian wells produced 319 BOE/day, exceeding forecast by 12%
Gross Canadian production revenue fell 29% due to lower oil and gas prices
US portfolio output improved to 50,201 BOE for the quarter
Cash receipts totaled $438,000 with $6.67 million in cash and equivalents
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