hzn december quarterly - summary, page-5

Ronstieb, no point of selling HZN shares now with PDL "imminent" and Stanley LNG project already confirmed by PNG minister. Indeed, the first thing highlighted on the Qtr report is the 94m payment from Osaka gas "coming soon". IMO. I bought other 20,000 shares today at 0.32!

Qtr was in line with expectations. I just thought, they could make a bigger margin of profit from Beibu, with production increasing, but costs rose more than expected (69% rise on operating expenditures): I would like to know why.

Concerning the HZN balance sheet, I must disagree with you, guys. Net loss was 28ml this quarter: you must consider that 8ml were due to repair work at Maari (that will partially covered by insurance) and that, once the PDL will be issued, 40% of the future costs on Stanley will be paid by Osaka Gas. If you keep these numbers in the next qtr, you can count at least +10ml for Maari production revenues and -10ml in costs (no Maari repair work and 40% Stanley costs paid by Osaka). Furthermore, I do not think, they will spend other 14ml on exploration for Tingu in this quarter and Maari/Manaia exploration costs will be fully paid by OMV. So, I believe, HZN will easily able to keep the balance sheet under control and there will be NO risk of capital raising. Actually, there are just about to turn the balance green. IMO.