Horizon Oil’s production over the last 3 years has exceeded 1.3 million barrels of oil per annum.
The Company’s exposure to future oil price volatility has been mitigated by hedging in excess of 1 million barrels of oil to March 2018 at prices between US$50 and US$56/bbl, locking in revenue of US$56m.
Horizon Oil hedging against low POO
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