HZN 0.00% 21.5¢ horizon oil limited

Ann: HZN commencement of WZ12-8E drilling programme, page-17

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  1. 20,489 Posts.
    lightbulb Created with Sketch. 2037
    I relistened to HY CC a couple of night ago
    in last 4 years were oil average around 65 dollars USD , HZN generated about 200m AUD in cash flow .
    today with March quarter cash the EV would be circa 150 m AUD and oil is over 100 USD . Unbelievable that people can’t see how cheap this is and they are selling at 12 c
    had to top up again . I note this new field has a production licence until 2030 so any additional reserve additions will keep cash going for lot longer.
    Quarterly will tell the story and production about to jump . Add to this the stepped change in production and one should be able to see huge value
 
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