HZN 0.00% 20.0¢ horizon oil limited

Focus on Shareholder Returns and New Exploration in China, page-5

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    Yes - Feb
    by my calcs they had 52 m USD start if July. Add July and august cash flow , that gets us to about 72m -74m USD . Minus 20 m USD for remaining w12 8e and exploration and development costs and we have 52 M -54mUSD. That gives us 75 m AUD of which they have only paid 48m AUD . 27m-31m left over in AUD plus Sept to Dec production and cash flow . So by my calcs and easy 75 -80m in the bank in AUD by end of Dec
 
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