HZN 7.50% 21.5¢ horizon oil limited

$130 million payment on FID, page-2

  1. 1,733 Posts.
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    Or even more sense for a O & G company with sufficient cash resources to build and develop the LNG project to buy HZN for say 200M - 250 MAUD with a 160 M Million AUD payment from Osaka still to come.
    What a steal.

    From memory the convertible notes will need to be paid out unless the SP gets above 0.43 AUD which is their minimum conversion price.
 
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