HZN 2.86% 17.0¢ horizon oil limited

mid to long term

  1. M1
    493 Posts.
    since the crash HZN has recovered reasonably well from ~24cps to 34/35cps. Volumes have been decent since directors buying with the stock trending upwards. Short term gains maybe?. First quarter 2008 was really disappointing. In the mid term we can expect the stock to be re-rated (see annual report) as Maari well comes into production; followed by drilling of Manaia prospect. 9 wells planned for drilling in Thailand around Sept-Nov. Exploration drilling of Stanley prospect in PNG is expected before that around May/June. (See their website and previous announcements etc. for details)
 
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Last
17.0¢
Change
-0.005(2.86%)
Mkt cap ! $275.1M
Open High Low Value Volume
17.5¢ 17.5¢ 16.5¢ $562.0K 3.319M

Buyers (Bids)

No. Vol. Price($)
26 959980 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 586733 2
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
16.8¢
  Change
-0.005 ( 4.29 %)
Open High Low Volume
17.5¢ 17.5¢ 16.5¢ 2366930
Last updated 15.59pm 31/05/2024 ?
HZN (ASX) Chart
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