Brent Emmett outlnes 2015 strategy, page-10

AWE bottomed out 45% down before a joint venture discover with ORG.
NZO has almost no share moment day to day and little volume moving - putting new plants in action, with approvals.
OSH, Cashed up and planning to acquire companies - we know thats a safe bet and still took a 30% hit.
OEL has actual almost doubled to 80m market cap, doesn't have much room to fall compared to HZN historical 600m

I'll add to more to the list;
STO, 3rd? largest o&g in Australia bottomed out 50% down.
CVN, was 30cents, bottomed at 6.7. 80% drop.


O&G's have been HIT HARD, the small ones haven't had as much of a recovery at the bigger ones like ORG, STO, & OSH but they did still have 30-50% drops. A smaller one gets hit harder e.g. CVN when they bottom out. HZN has only just bottomed out, I think what has saved a lot of companies you listed is announcements of discoveries and partnerships.