HZN horizon oil limited

Kina advances Western LNG project

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    Kina Petroleum has just raised around K13 million mostly to advance hydrocarbon discoveries in PRL 21 Elevate/Ketu Fields.
    Kina has a 15% stake in the fields.
    Horizon has a 45% interest
    The Western LNG Project plans a location near Daru Island with foundation gas is to come from Elevala-Tingu and Ketu fields.
    Horizon and Repsol operate all the licences and hold 70% of the total gas resource to be aggregated to underpin the proposed 1.5 million tonne per annum Western LNG project.
 
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