Interesting that Horizon's partner Talisman is not in a trading halt, nor has its share price moved significantly. Note the following:
In Papua New Guinea (‘‘PNG’’), Talisman continues to progress its gas aggregation strategy (targeting to aggregate 2 to 4 trillion cubic feet of gas in the Western Province) and is presently reviewing monetization options. Talisman is a global player that has recently exited some assets to focus on high profit ones, PNG named as one of these. Talisman could well be taking over Horizon's share of the Stanley field. Reports suggesting a deal could be reached quickly suggests that a very good offer has been made. SP at 50 - 60 cps next week?
HZN Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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