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
Add HZN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.7M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.2¢ | $5.832K | 40.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 845676 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 300806 | 5 |
View Market Depth
| Last trade - 13.23pm 20/11/2019 (20 minute delay) ? |
 (live)
|
|||||
|
Last
14.5¢ |
Change
0.000 ( 3.57 %) |
||||
| Open | High | Low | Volume | ||
| 14.5¢ | 14.5¢ | 14.5¢ | 3502 | ||
| Last updated 13.23pm 20/11/2019 (live) ? | |||||
| HZN (ASX) Chart |