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2.50%

19.5¢ horizon oil limited

Ptolemic and others: "Strong production income from the Block...

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Wanga

207 Posts.

22/12/14

11:32

Post #: 14495558
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Originally posted by Ptolemic ↑

Hopefully 2+2 = 80,000,000 so they can repay the notes. I do not see why an article dating from mid November (when it was flagged HZN may want to sell some of its assets) can possibly be extrapolated that it is Repsol's main interest in taking over Talisman. Why on earth would you bid for a company with a current (and highly deflated) market cap of $4.5bln when you could bid for the assets - none of which are in production - at one tenth of that price. PNG is a fraction of the TLM portfolio.

Not saying Repsol is not interested in Talisman, clearly they are, but don't kid yourself and think that PNG is the main game. It is at best periphery, still anyone would put more focus on it than TLM who have been doing everything possible to avoid spending money there. I think it is more likely the PNG assets are sold to one of the existing players there.

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Ptolemic and others: "Strong production income from the Block 22/12 fields, complemented by approximately
US$90 million of cost recovery oil and from Maari field is expected to persist through
2015 and 2016. ." - Page 1, Corporate Presentation. Just Beibu's cost recovery oil is more than enough to repay the $80m notes. Happy now?

HZN Price at posting: 16.2¢ Sentiment: Buy Disclosure: Held
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Last 19.5¢		Change -0.005(2.50%)		Mkt cap ! $316.4M

Open	High	Low	Value	Volume
20.0¢	20.0¢	19.5¢	$168.3K	854.5K

Buyers (Bids)

No.	Vol.	Price($)
31	764288	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	177536	4

View Market Depth

No.	Vol.	Price($)
30	746538	0.195
21	1939093	0.190
11	763619	0.185
16	937795	0.180
28	1033068	0.175

Price($)	Vol.	No.
0.200	177036	3
0.205	2350014	12
0.210	1730851	14
0.215	217692	5
0.220	275000	2

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