HZN 2.56% 19.0¢ horizon oil limited

I hold both kina KPL and horizon. All have been waiting for...

  1. 672 Posts.
    I hold both kina KPL and horizon. All have been waiting for Repsol to sell out from png as they did not want to extract the liquid gases from prl21 prior to the oil which would have been a longer process.

    Now also a chinese gas co has purchased Repsol png holdings , work will start developing the lng project which will bring immediate funds to all involved.

    I believe horizon has huge upside to come for many years , but kina with cash in bank , zero debt , over 80% of company held by top 20 shareholder , only 385 million shares , an under valued and oversold market cap of only 28 million dollars during the oil crash and their largest shareholder being png guru Phil Mulacuk (founder of Interoil) has the potential to 10 x current value in the near future.

    Can’t wait for Repsol to leave and we start selling gas to the Chinese from PRL21.

    I hold both HZN and KPL.

    Lou
 
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Last
19.0¢
Change
-0.005(2.56%)
Mkt cap ! $308.3M
Open High Low Value Volume
19.5¢ 19.5¢ 19.0¢ $255.9K 1.328M

Buyers (Bids)

No. Vol. Price($)
29 1799652 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 65166 2
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Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
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