Release date- 16082019 - Perth - Stonehorse Energy Limited (ASX: SHE) (Stonehorse or the Company) is pleased to announce the quotation of its securities on the Australian Securities Exchange (ASX) effective 10am EST today.
Stonehorse comes to market with two existing producing oil and gas assets and access to a significant pipeline of high-quality opportunities in the world-class Anadarko Basin in Oklahoma.
Commenting on the announcement, Stonehorse Executive Director, David Deloub said: 'Coming from a solid starting position including; revenue producing assets, a low cost base, a balance sheet unencumbered with debt and a pipeline of investment opportunities that will deliver results in the near term, we believe that an investment in Stonehorse warrants serious consideration for those wanting significantly de-risked oil and gas exposure.
There is currently a lot of activity in this area with several rigs operating and generating significant success, so the opportunity to invest in this operated project could deliver material upside for Stonehorse '.
The Step-in Agreement has already successfully delivered the Company an interest in two producing wells, the Sutton2H-52 well in Hansford County, Texas (Stonehorse 25% Working Interest) and the Burgess 28-1 well in Ellis County, Oklahoma (Stonehorse 96.8% Working Interest).
Stonehorse is pleased to advise that it has recommenced trading at market open this morning, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.
The Company has also recently changed its name from Nickelore Limited to Stonehorse Energy Limited.
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