HZN 1.25% 19.8¢ horizon oil limited

Ann: HZN commencement of WZ12-8E drilling programme, page-6

  1. 1,447 Posts.
    lightbulb Created with Sketch. 488
    Auto, That's not regular. That is event based. So why say regular.
    HZN management are either secretive, lazy or both.
    There is such an easy story to sell (cashflow and 12-8-W project).

    A project overview would be useful, e.g., it may look something like (I have no idea of the actual approach because we haven't been told, although based on announcement, it would be something like this)
    • batch drill top section of A2, A3, and A4 wells
    • drill horizontal section of these wells, bringing each well onto production as completed.
    • it is anticipated that the first well will be on production mid-April
    • batch drill top section of A5, and A6 wells
    • drill horizontal section of these wells, bringing each well onto production as completed
    • drill A7 exploration well
    • drill A1 production/water injector
    A regular weekly update in my scenario would be, A2, A3, top section completed, and A4 top nearing completion.
    The horizontal section of A4 will then be drilled and will be the first well on production: anticipated to be early April.
 
watchlist Created with Sketch. Add HZN (ASX) to my watchlist
(20min delay)
Last
19.8¢
Change
-0.003(1.25%)
Mkt cap ! $324.6M
Open High Low Value Volume
20.0¢ 20.0¢ 19.8¢ $298.7K 1.493M

Buyers (Bids)

No. Vol. Price($)
48 548521 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 573617 10
View Market Depth
Last trade - 12.55pm 30/07/2024 (20 minute delay) ?
HZN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.