In January STO are expected to spud an on shore well in on-shore New Guinea.
THis is a dinki di wildcat.
Target $500 millions barrels of oil
Cost $US9,000,000
HZN has 48% of this well and is trying to farm out some of its interest. This is a classic high risk high reward well. If HZN can farm out a proportion of the well in return for payment of its share of the well then it becomes a high upside low downside well for HZN. However if HZN has to ante up for its full share of the well then it is a company
maker-company ruiner type of well
In January STO are expected to spud an on shore well in on-shore...
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $300.6M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $153.5K | 824.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 1168836 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 582270 | 7 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| HZN (ASX) Chart |