re: Ann: ROC: Beibu Gulf Exploration Drilling... Despite major shareholders continue to accummulate (Austral-Energy and Norht Cape) HZN share price only slowing grinding higher: two steps forward, and one step back!
Hopefully there will be a pick up in the pace upwards in the coming months. From the current (September) presentation on the website (page 35)
http://www.horizonoil.com.au/investor-cent...resentation.pdf
possible catylsts include
a) reserves upgrade at NZ and PNG.
b) progress on development projects in China, PNG and NZ
c) low-to-medium risk exploration in China (currently drilling), PNG and NZ over the next 18 months.
Reserves upgrade and improved production performance for Maari field Sep/Oct 2012
Achievement of construction milestones on Block 22/12 development and first oil End 2012
Resource upgrades for Stanley field in PRL 4 and Elevala and Ketu fields in PRL 21 Sep/Oct 2012
Progress on sales of Stanley gas to regional PNG consumers and larger scale gas commercialisation/export plans Q4 2012
Progress on Stanley PDL award and development execution Q4 2012/Ongoing
Exploration success
Block 22/12: WZ 6-12 close-in and deeper prospects 3 wells Sep/Oct 2012
PNG: Tingu in 21 and exploration drilling in 259 1+1 wells H1 2013
PMP 38160: Maari /Manaia, Maari South 2+1 wells 2013
PEP 51313, New Zealand: Whio 1 well 2013
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