Highlights

  • Stonehorse brought Drumheller wells 5 and 6 online in August 2026.
  • Wells 7 and 8 were completed and brought online in mid-September.
  • The eight Drumheller wells produced a combined 563 BOEPD at 30 September.
  • The company reported its September-quarter operational update on 29 October.

Four additional Canadian wells joined production during the September quarter, giving Stonehorse Energy Limited (ASX:SHE) a measurable milestone at its Drumheller development. The company reported that all eight wells in the programme were online at quarter end, producing a combined 563 barrels of oil equivalent per day.

Drumheller Adds Four Producing Wells

Stonehorse Canada Corporation continued its Drumheller development during the three months to 30 September 2026. Wells 5 and 6 were successfully completed and brought online during August. Wells 7 and 8 were subsequently completed, connected to facilities and brought online in mid-September. The company’s Quarterly Report quantified combined output from the eight wells at 563 barrels of oil equivalent per day as at 30 September. This is a point-in-time rate, not necessarily the quarter’s average production.

Operational Reporting Covers Multiple Entities

The September report addressed the consolidated Stonehorse group, comprising Stonehorse Energy Limited, Stonehorse Canada Corporation and Lone Star Energy Limited. It stated that financial results were consistent across the quarter with no significant operational disruptions. The Canadian development was the clearest new production milestone. The company also reported a September corporate transaction relating to Lone Star’s US interest, distinguishing portfolio changes from the ongoing Canadian well programme.

Well Connections Translate Drilling Into Output

The sequence from completed wells to Facility connection and production is commercially relevant because it establishes operations beyond drilling announcements alone. It also leaves a further assessment task: quarter-end output must be evaluated against sustained production and relevant costs in subsequent periods. Stonehorse’s 14 September production and wells announcement preceded the 29 October quarterly report, which supplied the combined eight-well figure. Investors can therefore distinguish the earlier milestone announcement from the later quarter-end operating position.

Outlook: Next Milestones

The next operational measure will be sustained performance from the expanded Drumheller well set and the company’s subsequent reporting. The September figure is not a forecast of future production.

SHE was quoted at AUD 0.012 on 6 November 2026, with a reported change of 0.00%, no recorded session Volume and Market Capitalisation of approximately AUD 8.21 million. The absence of trades should not be described as active price stability.