HZN 2.63% 18.5¢ horizon oil limited

Ann: Half-Year Results Presentation, page-4

  1. 20,454 Posts.
    lightbulb Created with Sketch. 2015
    this is indeed a great result. Clearly they cash buffer is been retained as plan was to not renew debt facility. Also more active drilling in a few months very likely so I think it allows for aggressive drilling plus another 3c mid year while retaining 20m usD cash throughout

    very pleased and as mentioned the Maari extension if successful will add a few cents itself
 
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