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
Horizon
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $221.0M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.5¢ | 13.0¢ | $791.7K | 5.705M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 309114 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 83500 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2022 (20 minute delay) ? |
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Last
14.0¢ |
Change
0.010 ( 9.80 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 14.5¢ | 13.0¢ | 2200250 | ||
| Last updated 15.50pm 24/05/2022 (live) ? | |||||
| HZN (ASX) Chart |