broker upgrade as result of deal for hzn

(HZN.AX
HORIZON OIL24 September,2009
24/09/2009 11:23 Sydney, Australia.
Price Change % Change
0.315 -0.005 -1.560%

* Company overview
* Real-time quote
To illustrate the benefits of having a broker cover your stock to prescribe a valuation....note how they upgraded their share price target (as have all brokers) to align with what Talisman paid HZN for the deal.....

--------------------------
HZN.AX , 0.315, -0.005, -1.560%) - HORIZON OIL LIMITED

RBS Australia rates (HZN.AX
HORIZON OIL24 September,2009
24/09/2009 11:23 Sydney, Australia.
Price Change % Change
0.315 -0.005 -1.560%

* Company overview
* Real-time quote

HZN.AX , 0.315, -0.005, -1.560%) as Buy - Target $0.53 (was $0.39). The broker notes the company's deal with Talisman Energy of the US values its Papua New Guinea acreage at US$175m, which is well above its forecast of US$55m. To reflect this the broker's valuation and price target on the stock has increased, which supports its Buy rating on the shares.