maari update from hzn qtrly

The report on Maari from HZN was a lot more upbeat than the CUE report. Especially liked this extract on the M2A development:

"The M2A well will be drilled thereafter and is expected to take 27 days to complete. The M2A
zone at Maari has now been penetrated by 12 exploration, appraisal, producer and injector wells, is
well understood and has been mapped with a significantly higher oil-in-place than was anticipated
before commencement of the development drilling program. It is intended that the well will be
completed as a producer and put on intermittent production as allowed by available production
facilities."

Horizon Oil intends to advise
shareholders on field production rates and performance in August, when all 5 oil production wells
are on line.