From Macquarie Equities ...
"Horizon Oil (HZN AU, A$0.32, Outperform, TP: A$0.60): With Beibu Gulf now at plateau, HZN has delivered the first leg of production growth. Finalisation of a development licence over Stanley in coming months will de-risk the next leg of growth and crystallise the US$74m upfront payment (and completion adjustments) from Osaka Gas. Furthermore, with a development licence expected to be submitted on a larger PRL 21 development the end of the current quarter, this could provide some confidence that the approvals lead time will not be as long as Stanley."
hzn december quarterly - summary, page-7
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Mkt cap ! $300.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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