HZN 0.00% 19.0¢ horizon oil limited

Spot valuation 22c, page-18

  1. 582 Posts.
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    Yes.. agree but can we get that supported by the Board ?

    Why are the so reluctant to set out a clear future pathway for Shareholders.

    Such as

    Board has no intention in taking a small passive holding in any o&g company going forward
    It will work with our existing partners to explore ways to increase reserves overtime

    Capital Repayments
    The Board intends to continue to return capital to shareholders every quarter
    subject to the oil price not falling below $60 bbl. next payment earmarked for January 2022

    Share buyback
    The board will initiate a continuance as from year end results

    An announcement such as this would some certainty to Shareholders .

    A clear pathway needs to be spelt out.
 
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