HZN 2.50% 19.5¢ horizon oil limited

Ann: Quarterly Activities Report, page-13

  1. 20,475 Posts.
    lightbulb Created with Sketch. 2023
    First time the comment further distributions under review made in quarterly. I think it’s relatively easy to work out an accurate range for distributions. They have been paying at 70% if free cash flow .
    assume 105 -110m AUD FY 23 . I think this will be 75% due to end of high capex period . This equates to 5c
    so I stick by my 1.5-2c Feb
    3-3.5 c Aug
 
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