re: can it get back up..???///salty Yes they have a share of a well in PNG (Kapul? [memory's fading fast], operated by OSH) and still, I think, slated for later this year. They are currently partly free carried in this upcoming well - I'm not sure what their additional contribution will need to be.
They would have got out of the China drilling cheaper than they would have expected, given only one of the three contingent wells was drilled - so should still have plenty of cash(?).
They are also developing an oil discovery in NZ (not sure of their % share, offhand, or of when first production is likely to occur.). I think there are still prospects there for more exploration and hence more reserves to be firmed up. Prior to their last capital raising, they released some independent reports/valuations for this project. May pay to take another look at those reports - as HZN may currently be quite undervalued by the market. Then again, possibly not.
Cheers
OG
what to do now, page-10
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $300.6M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $210.4K | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 1725106 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 235956 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| HZN (ASX) Chart |