HZN 4.17% 12.5¢ horizon oil limited

Huinga 1B JV meeting

  1. 1,317 Posts.
    Meeting of JV partners to discuss technical study and future course of action will be held this Friday following postponement from last week to meet scheduling problems of one of the partners. If meeting agrees to a sidetrack, as seems likely, this could go ahead sooner rather than later depending on rig availability. HZN slide at AGM showing NZ sidetrack scheduled for June/July next year was misleading to say the least and was meant to refer to Makino and not Huinga. So we could be back in action on the Murihiku thrust before long. If you follow the "Turtilian" trading method PCL is not a bad punt at current levels. An announcement that st is to go ahead asap would probably put a bit of life back into both HZN and PCL. I prefer the latter for leverage and fact that Jingemia discovery not yet factored into share price. Bought a few PCL today. JBC
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Last trade - 16.10pm 27/06/2022 (20 minute delay) ?
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