HZN 0.00% 20.0¢ horizon oil limited

Ann: Quarterly Activities Report, page-28

  1. 930 Posts.
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    I made my decision to buy HZN based on current production of ~1.3 M bpa.

    It's probably now worth factoring in the extra ~ 350k bpa from WZ12-8E that will come on line in Q2 given that the platform is now onsite and legs deployed. I was a little surprised that update was hidden away in the quarterly given the last update we had it had to be towed back to port for repairs.

    Anyway at $90 a barrel and with Chinese production costs at around $13 a barrel x 350 k bpa - the incremental revenue from this expansion is pretty compelling on top of an already compelling story.


 
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