HZN 2.50% 19.5¢ horizon oil limited

EV 175. Quarterly cash flow of 38- 39 m, page-3

  1. 20,390 Posts.
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    Perhaps but I think people really under appreciate the cash flow and I think the rerate will occur in expectation of large distributions
    W2 8E is expected to average 4700 with peak production at 10000. That tells me that the first 6 months of the field are likely to average around 7500- 8000 per day. These are the current 6 months starting from May where two wells are already on line.
    i would expect some insto money to flow into the stock.
    petra estimate 6.1c cash flow on an AUD Brent ( 95 usd and 73 AUD ) of 126 , whereas we are currently at 160. This margin if maintained will deliver another 27m and a cash flow or about 7.4c for the 12 months. ( in addition to the cash they already have )
    last maari lifting in Jan was sold into mid 80 hedges , this time round the oil commanded a 7 dollar premium to Brent so around 117-118. This lifting happened last week so cash banked for the quarter
    so many things working in Hzns favour at present
 
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20.0¢ 20.3¢ 19.5¢ $164.9K 829.8K

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13 1746246 19.5¢
 

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20.0¢ 175041 6
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