HZN 2.70% 18.0¢ horizon oil limited

Ann: Half-Year Results Presentation, page-3

  1. 348 Posts.
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    Thisis a free cash flow machine and the perfect type, the one where management returnthat cash to shareholders rather than empire grow with poor acquisitions.

    Twobig takeaways from me.

    1. Extension for Maari would be huge and would add a heap of 2P
    2. WZ12E drilling crushed it as we know and importantly 2-5 infill wells being drilled in block 22/12 later this year

    Lowestrisk/highest reward oil play I’ve found.


 
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