Stonehorse Energy Limited
SHE.AX
Australian Securities Exchange0.01
AUD
+0.00
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Stonehorse Energy Limited
SHE.AX
(Australian Securities Exchange)
Recent
price
0.01
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ratio
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div
yld
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ROIC.AI
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- Business
- Stonehorse Energy Limited engages in oil and gas exploration and production, operating primarily in North America and Australia. The company holds working interests in producing oil and gas assets including the Certus Caroline well in central Alberta, Canada; the Myall Creek property in the Surat Basin, Queensland; and multiple wells in North America such as Burgess, Sutton, Henry Federal, Randolph, Jewell, Newberry, Mitchell, and Thelma. Its core activities span oil and gas exploration, development, and production with a focus on maximizing resource extraction from these assets. Founded in 1999 and headquartered in Perth, Australia, Stonehorse Energy operates mainly through its Oil & Gas Exploration segment which generates the bulk of its revenue and a Corporate segment supporting its Australian operations. The company targets regional oil and gas markets in the United States, Canada, and Australia, leveraging local expertise and joint venture partnerships to optimize asset performance. Recent major developments include entry into a non-binding Letter of Intent to pursue a multi-well exploration opportunity in Canada, with negotiations ongoing to finalize a commercial agreement in early 2025. In 2023 Stonehorse expanded its oil and gas investment in Canada by optimizing new wells with advanced technology such as multi-mile laterals to enhance production potential and estimated ultimate recovery. During the 2024-2025 period, the company executed changes in board composition, including the appointment of a new company secretary and non-executive director with substantial oil and gas operational expertise. Additionally, it undertook capital raising via securities issuance and shifted auditor services to Moore Australia, signaling efforts to strengthen corporate governance and capital structure. Stonehorse Energy’s strategic focus remains on value creation through exploration, development optimization, and selective asset acquisition within its core operator regions, supported by an experienced management team skilled in offshore and onshore oil and gas operations. The company continues to seek growth opportunities that bolster its production base and shareholder value across North America and Australia.