Brief: Stonehorse Energy Makes Its Maiden Australian Oil And Gas Investment In Surat Basin

Armour Energy

01/11/2021 01:54

Nov 1 (Reuters) - Stonehorse Energy Ltd  SHE.AX :
    * STONEHORSE MAKES ITS MAIDEN AUSTRALIAN OIL AND GAS
INVESTMENT IN
SURAT BASIN, SOUTH EAST QUEENSLAND
    * ARMOUR ENERGY WILL RETAIN A 50% WORKING INTEREST FOR FIRST
7+
YEARS AS WELL AS 100% REVENUE AFTER THAT PERIOD
    * CO, INVESTORCO TO JOINTLY FUND AROUND A$1.5M FOR
PERFORATION &
STIMULATION, THEN FURTHER A$1.4M FOR A SECOND WELL INTERVENTION

Source text for Eikon:  ID:nASX4yRXq0 
Further company coverage:  SHE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))