HZN 2.70% 19.0¢ horizon oil limited

Ann: Financial Results 2015 Presentation, page-28

  1. 8,903 Posts.
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    Yes, saw that.

    They should be able to payout the notes ok, plus fund their FY2016 estimated G&A+Capex of ~USD50m

    However, imo it require tapping into the USD50M accordian tranche if Brent Crude averages under USD50/brl. So the net decrease in debt after paying out the USD80m notes might only be USD50m, for example.
    Going in the right direction though.
 
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