HZN 5.13% 20.5¢ horizon oil limited

Ann: Quarterly Activities Report, page-5

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  1. 20,478 Posts.
    lightbulb Created with Sketch. 2023
    Solid result -
    we still have 6 M Aud of unsold inventory in Maari
    maari uplift to be reflected this quarter
    68m net AUD cash in July
    I revise my divi to 2-2.5 range given they are clearing all debt in July
    solid result - still annualised over 100m operational cash flow
    couple of million short of my estimate cash wise but this is offset my remaining Maari inventory
 
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