HZN 0.00% 20.0¢ horizon oil limited

Ann: Elevala and Ketu fields PRL 21 PNG, page-18

  1. 947 Posts.
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    I agree with your sentiment.

    There will be an acceleration of the development for both Elevala-Ketu and the Stanley fields. Now whether this ultimately will be with HZN as a producing partner remains to be seen, however with the P'nyang LNG agreement in the final stages of negotiation the final movements will no doubt be rapid.

    As noted by m0ngy are the big boys behind the scenes influencing the process in order to pick up the assets on the cheap? Are the Chinese looking to get in via their belt and road initiative?

    Either way, IMO we should get an indication in weeks rather than many months for an answer to the uncertainty.

    Meanwhile the current quarterly should be positive from a financial perspective. Continued strong cashflow and perhaps another 10mil off HZN debt?

 
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