HZN 7.69% 14.0¢ horizon oil limited


  1. 1,058 Posts.
    In January STO are expected to spud an on shore well in on-shore New Guinea.

    THis is a dinki di wildcat.

    Target $500 millions barrels of oil

    Cost $US9,000,000

    HZN has 48% of this well and is trying to farm out some of its interest. This is a classic high risk high reward well. If HZN can farm out a proportion of the well in return for payment of its share of the well then it becomes a high upside low downside well for HZN. However if HZN has to ante up for its full share of the well then it is a company
    maker-company ruiner type of well
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13.5¢ 14.5¢ 13.0¢ $791.7K 5.705M

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14.0¢ 83500 1
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Last trade - 16.10pm 24/05/2022 (20 minute delay) ?
0.010 ( 9.80 %)
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13.5¢ 14.5¢ 13.0¢ 2200250
Last updated 15.50pm 24/05/2022 (live) ?
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