about to begin drilling, page-13

everything I've read about this company suggests a 2008 will be a hug year for them. Surely your target of 50c in the next 6 months is extremely conservative.

They are about to start a 4 well drilling program in China (block 22/12) with a combined 200mbo target in a couple of weeks. Then in March 08 a further 5 well program in their Thailand prospects. And all the well Maari is nearing completion (you would think around 80% by that stage) with oil production anticipated in August 08. If things go to plan in my opinion you could multiply your estimate by 3 (my opinion only but if you look at Horizon's own projections in their reports they are anticipation a huge year).