HZN 3.37% 9.2¢ 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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Mkt cap ! $117.9M
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8.9¢ 9.2¢ 8.9¢ $145.2K 1.608M

Buyers (Bids)

No. Vol. Price($)
2 27000 9.1¢

Sellers (Offers)

Price($) Vol. No.
9.2¢ 480747 5
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Last trade - 16.10pm 07/05/2021 (20 minute delay) ?
0.003 ( 3.41 %)
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8.8¢ 9.1¢ 8.8¢ 64665
Last updated 13.29pm 07/05/2021 (live) ?
HZN (ASX) Chart
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