HZN 0.00% 20.0¢ horizon oil limited

Sweet sweet cashflows! Other than the increase in Opex costs,...

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    Sweet sweet cashflows!

    Other than the increase in Opex costs, and the issues with WZ12-8E there is not much in this report not to like. Cash is king and HZN have a bit of it...

    Beibu currently producing (post repairs) at 15,200bopd gross, whereas in this quarter was only flowing at 10,227bopd - so we are looking at a potential 46% uplift in Beibu production, which equates to a roughly 30% increase in total HZN production for forward looking quarters...

    Currently trading at;
    - 31% net cash backing
    - 1.06x annualised Operating CF
    - 2.2x annualised FCF

    https://hotcopper.com.au/data/attachments/4541/4541523-41a159837c9606f4741640ddb07a8389.jpg
 
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