HZN 2.70% 19.0¢ horizon oil limited

re: Ann: Part sale of PNG assets for US$60 mi... Courtesy of...

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  1. 2,181 Posts.
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    re: Ann: Part sale of PNG assets for US$60 mi... Courtesy of Poster "Mosiac?" on other site, the two tranactions are noy the same:

    Before either transaction:

    HZN interest:

    PRL5 49.65%
    ....................bcf...........mmb
    ....................408...........26.1
    HZN Share...........202.5.........12.96

    PRL4 100%
    ...................283.............8.9

    Total HZN .........485.............35.0

    First Tranaction sells 50% of each for US$55M
    ....................242.5...........17.5

    Second Tranaction sells 50% of PRL4 only for US$60M
    ....................101.2.............6.5

    Regards

    SP
 
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