HZN 0.00% 17.5¢ horizon oil limited

Share price at 14 cents tomorrow.

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    A very good Quarterly and I can't fathom some of the negativity on this thread. The company is not running scared on the debt issue, they have used their strong assets and income to work with ANZ to initiate a revised debt facility at a low bank interest rate that will enable them to continue developing key exploration projects that are highly likely to increase revenue. They are not at all hamstrung by debt as has been suggested. Meanwhile, production and production revenue just keep on increasing, quarter by quarter, breaking record after record. And look at their average cash operating costs of just US$15.02/barrel produced during the quarter. There is also a lot on the boil that could double or treble the share price overnight, such as the aggregation of Horizon Oil’s PNG gas fields with those of other operators. Predict share price at 14 cents tomorrow, perhaps even through the 14 c resistance.
    Last edited by m0ngy: 30/04/15
 
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