Stonehorse Energy Limited (ASX:SHE)
Stonehorse Energy Limited (ASX:SHE) holds interests in 8 oil and gas wells located in Oklahoma and Texas, USA. The Company also has a pipeline of investment opportunities available through partnerships with Brookside Energy Limited (ASX:BRK) and US operations manger, Black Mesa Energy LLC.
Stonehorse's Low cost business model is underpinned by back-in after payout arrangements with its US technical team, Black Mesa Energy.
All current and future well bore investments are at the Company's discretion and subject to meeting performance metrics.