HZN 2.70% 18.0¢ horizon oil limited

There we go, if we disregard amortisation (write down)/hedging...

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    lightbulb Created with Sketch. 31
    There we go, if we disregard amortisation (write down)/hedging we made 3.8 million

    Rev 10.7 - 4.7 operating expenditures -2.2 in repairs = 3.8m.

    Hedging was a gain of 5.38m (net gain 9.18m)

    Write down of 9.3m (no physical loss) paper loss of 0.12m.

    Further 6.3m spent in exploration and development. Thus 2.88 free after exploration. It makes me curious to the interest rate on the revolving credit.
    Last edited by Fairclough: 07/05/16
 
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