Back in October 2013 HZN entered into a farm-in option for 40% of ROC's Block 09/05 off China. HZN then elected not to exercise the option 'in light of the proposed merger'.
Surely they were not 100% confident that the merger would go ahead without any other take over being considered.
HZN have now lost all rights to what could have possibly been a very valuable block with drilling later this year.
Why would they not at least have considered extending their option period until the merger was set in stone?
What were they thinking.
Back in October 2013 HZN entered into a farm-in option for 40%...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $292.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.5¢ | $218.3K | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 861384 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 130646 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HZN (ASX) Chart |