HZN 2.70% 19.0¢ horizon oil limited

milestones are approaching

  1. 3,021 Posts.
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    There are plenty of opportunities to see a material re-rating for HZN over the next 12 months. The following milestones are all likely in the next 12-18 months and could materially reward patient investors:

    Project Finance announcement
    Stanley Project FID
    First production- China
    Maari reserves upgrade
    PNG development start up.

    When production hits a normalised level of 8,000 bood in 2014 the free cash flow generated is going to be well over $150m per annum. This point in time could not be better opportunity to acquire a stake in a company that is building a cash flow river without the company spending tens of $millions on risky exploration. Management are doing a good job in developing a good bread and butter earnings base for the medium term future.
 
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Last
19.0¢
Change
0.005(2.70%)
Mkt cap ! $308.3M
Open High Low Value Volume
18.5¢ 19.0¢ 18.5¢ $167.5K 885.6K

Buyers (Bids)

No. Vol. Price($)
15 830773 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 493730 12
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
HZN (ASX) Chart
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