HZN 2.70% 19.0¢ horizon oil limited

Ann: Year End Results Presentation 2012 , page-4

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  1. 10,793 Posts.
    lightbulb Created with Sketch. 248
    As far as i can see not one of them deducted royalties
    A similar royalties charge occured last year, so how this lot could forget it, I don't know ...
    lols, it's not like it halved the profit is it; oh, it did ...
    just reminds you to dyor

    still, the upside is in china development and PNG, just the target should come down maybe 5c or so for this error
 
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