BRIEF-Stonehorse Energy Makes Its Maiden Australian Oil And Gas Investment In Surat Basin

Reuters2021-11-01

Nov 1 (Reuters) - Stonehorse Energy Ltd :

* 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: Further company coverage:

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

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Balckbler
2022-02-12
Balckbler
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