Myall Creek

Stonehorse is the funding partner for the Myall Creek operations, for all fund costs associated with the Joint Venture (acquisition and workover costs) on a 50/50 basis. The operation focuses on Natural Gas weighted production from vertical wells, with low terminal declines and a significant remaining economic life. There is further opportunity for material production increases from remedial workover and well intervention activities. Stonehorse has determined considerable upside from unexploited or underexploited behind pipe or productive zones.

Forecast net Production revenue (Stonehorse = 25% net revenue interest)