Stonehorse Energy (ASX:SHE) – David Deloub



The CEO Mindset - David Deloub is the Executive Director of Stonehorse Energy (ASX:SHE)

David Deloub is the Executive Director of Stonehorse Energy (ASX:SHE), a company that builds a portfolio of oil and gas interests by identifying and participating in US based oil and gas investment opportunities by contributing to drilling and completion costs to earn an interest in these assets. These assets are land based conventional and unconventional, vertical and horizontal oil and gas wells lodged in the states of Texas and Oklahoma. These are typically operated by large US oil and gas companies.

What’s your journey in becoming an Executive Director?
I took a pretty traditional path, university degree, internship, lower middle management in banking and finance, made the jump to the corporate side in mid-nineties.

As a head of finance, then executive director, CEO and finally the main gig quarterbacking a small minerals exploration company in 2010.

Having experience on both the sell and the buy side is invaluable and allows you to see challenges and opportunities from a number of angles.

Tell us a bit about your business and how you are commercializing?
We are still developing our final business model but essentially, we continue to invest in US onshore oil and gas well opportunities we identify that meet our financial hurdles.

We are in a pretty strong position at present where we continue to be cashflow positive even with the current depressed oil and gas markets.

How are you managing with the current COVID-19 pandemic on both business and personal front?
On a business front we see the current impact on economies and significant reduction in demand for fossil fuels (a short-term phenomenon I believe) as an opportunity to expand the business model to include investment in acreage in the right areas for future oil and gas well development.

On the personal front not too much has changed for me through the pandemic. At 55 I am less inclined to want to go out socialise these days and am very happy to just enjoy the company of family and close friends at home.

What’s the most exciting thing about running your business?
The industry space is forever changing which requires us to constantly review our current business models and look for ways to continue to deliver value to our shareholders…

Operating in a foreign jurisdiction also brings with it is own challenges.

How do you measure success?
Professionally, the usual financial metrics SH return, ROI payback period etc…

Personally, continuing to grow as a human being, developing in areas like empathy, compassion patience and self-awareness.

What do you think is the most important quality of being an Executive Director of a listed company?
The ability to always listen and learn and the preparedness to embrace change.

What is your favourite book?
“The Road” by Cormac MaCarthy. I love the sparseness of the language and the sense of hope shining through the chaos and desolation!

What message do you want to send to our readership in Asia?
Conventional energy sources including oil and gas will continue to have a long and bright future in spite of the current fascination with renewable energy.

How can people connect with you?

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