HZN
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7.50% 21.5¢ horizon oil limited

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

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  1. frogga
    1,940 Posts.
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    15/09/09
    15:38
    Post #: 5644593
    re: Ann: Part sale of PNG assets for US$60 mi... Having digested the announcement - I'd like to congratulate HZN management.

    That's a craker deal that won't take long to filter through the wider world.

    The last deal only supported carrying value of the PNG assets - this effectively more than doubles the value.

    Finance risk is a thing of the past for HZN, all upside from here IMO.

    HZN Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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