Stonehorse Commits to Second Drumheller Well in Alberta

Stonehorse Energy Limited (ASX: SHE) will participate in a second well within the Drumheller program in Alberta, Canada, under its existing three-well agreement with the operator responsible for the successful Drumheller #1 well.

The Company will invest CAD 1.85 million to secure a 35% working interest in the new well. The project is located in a light oil-producing region characterised by strong liquids weighting.

Drumheller #2 will target the Ellerslie Reservoir, a formation currently delivering more than 40,000 barrels of oil equivalent per day, with approximately 77% liquids and sustained production growth since 2017. Drilling operations are scheduled to commence on 24 February 2026. The participation strengthens Stonehorse’s exposure to liquids-rich production in a proven Canadian basin.

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