HZN 0.00% 20.0¢ horizon oil limited

Ann: Announcement of Share Capital Reduction, page-29

  1. ces
    400 Posts.
    lightbulb Created with Sketch. 30
    the 15-20 cents you refer will be paid via capital repayments...i think you may be very conservative as to the reserves,and your oil price average over the life of reserves,(which are in question.i.e much greater,on both counts)
    that is why this is so brilliant...capital evenly distributed,without having to sell...your return comes from the sum of the capital repayments...so all shareholders will hold until the last payment and reserves expunged.....and no acquisitions...because those costs will impede your repayments,and management won't have a reason to retain capital.
    NET RESULT...20 c plus per share +( subject to volume and average oil price )
 
watchlist Created with Sketch. Add HZN (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.000(0.00%)
Mkt cap ! $324.6M
Open High Low Value Volume
20.0¢ 20.5¢ 19.5¢ $202.5K 1.015M

Buyers (Bids)

No. Vol. Price($)
12 1909141 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 182729 5
View Market Depth
Last trade - 16.10pm 10/07/2024 (20 minute delay) ?
HZN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.