HZN 3.23% 16.0¢ horizon oil limited

watch the broader horizons,oilers

  1. 100 Posts.
    Lots of posts lately re. NWE's latest well yet little reference to HZN's long-awaited Chott Fejaj re-entry well in Tunisia.
    HZN has a 14.29% interest in this project, increasing to a 21.97 % production share. The well is close to other oil and gas finds, infrastructure and markets so success here would be a boon to the struggling, but revitalized,HZN [previously Bligh Oil]
    Factors which initially attracted me to this co. were:
    1. A relatively small no. of shares i.e. approx. 360 million, with 33% controlled by the aggressive and well- regarded Oasis Energy.
    2. A suite of promising and /or productive tenements in N.Z., U.S.A., P.N.G. China and Tunisia yet a market cap. of only $36 million.
    3. Money in the bank after placements, options conversions and asset sales over the past 18 months totalling $35 million,although how much has been blown on the Huinga disaster is a concern.
    The HZN shares have scarcely traded in the the lead up to this well but there was a glimmer of interest yesterday when it was announced that drilling had, at long-last, commenced.
    Could this be the reverse of the usual oil share trading pattern? Instead of the shares racing up on increased speculation prior to the spud, only to be followed by a price drop as the well goes down,perhaps here we will see speculation and prices go up as the well goes down?
    After all, the HZN price surely can't go much lower,given its assets and income!

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Mkt cap ! $258.9M
Open High Low Value Volume
15.5¢ 16.0¢ 15.3¢ $90.14K 581.2K

Buyers (Bids)

No. Vol. Price($)
56 3946100 15.0¢

Sellers (Offers)

Price($) Vol. No.
16.0¢ 2234506 18
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Last trade - 16.10pm 01/12/2023 (20 minute delay) ?
0.005 ( 1.61 %)
Open High Low Volume
15.5¢ 16.0¢ 15.0¢ 369588
Last updated 15.59pm 01/12/2023 ?
HZN (ASX) Chart
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