HZN 1.32% 18.8¢ horizon oil limited

What happened to the SP?, page-10

  1. 1,516 Posts.
    lightbulb Created with Sketch. 594
    Yeah this quarterly will show the last costs from WZ12-8E, which was a large capital expenditure....

    Then yes as you say there should be an increase in production, as last quarter as soon at WZ12-8E got going they had the shut in for repairs, so really production was okay at best last quarter... Then as you say additional production into back end of year...

    Not unreasonable to forecast >US$20M cash flow generation per quarter back end of year, big money, that would be equivalent to 4c per half of FCF.
 
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