Oh well, if it is so, the big losers are the PNG government and landowners: more bureaucratic delays = less foreign investors = less money coming. I am sure, they are all keen to speed up the agreement and cover up the embarrassing failure.
For Horizon, a good lesson to learn considering the other PL21 licence pending. It was clear since last year, the HZN management team stupidly underestimated the licence issue in PNG. I guess, this is the price HZN has to pay for its inexperience as main operator of a oil/gas project.
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $333.1M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $359.2K | 1.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131315 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 4624820 | 12 |
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| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| HZN (ASX) Chart |