Low oil price good for HZN?, page-8

Ptolemic, how/what do you know about Nama? (Thanks for sharing...).

Last quarter, bbl costs were $53.5 for Beibu (with 5 unproductive days due to typhoon) and $44.3 for Maari. (Again) as said before, operating expenditure decreasing on stronger $ plus oil cost recovery in China - Beibu production down vs. Maari production up. I think, they can cut down Maari bbl cost to below $40.

Ptolemic, what figures you have about the HZN debt repayment this quarter? I read somewhere (cannot recall where...sorry) that, as agreed with banks, the HZN debt facility will be reduced to $100m this year, hence I guess, they will have to pay back about $19m . Is that your figure as well, Ptolemic? By the way, what is your estimation for HZN exploration and development expenditures during the last december quarter? Let's play a guessing game...