Stonehorse currently holds working interests in eight oil and gas wells located in Oklahoma and Texas with a pipeline of investment opportunities available through its step-in arrangement and joint venture partnership with Brookside Energy Limited and US operations manger Black Mesa Energy LLC.
Current oil and gas production from 8 producing wells and net cash flow positive.
Direct investment at the well bore gate
Low cost business model underpinned by back-in after payout arrangements with the first class US technical team (Black Mesa Energy) based in Tulsa Oklahoma
All current and future well bore investments are at the Company’s discretion and subject to meeting performance metrics.
No debt or contingent liabilities on the balance sheet.