View in Other Languages

Horizon Oil Ltd

ASX:HZN ISIN:AU000000HZN8

Horizon Oil Ltd ASX HZNHorizon Oil Limited (ASX:HZN) (OTCMKTS:HZNFF) is an ASX-listed petroleum exploration and production company, with a geographic focus on the Asia-Pacific region. The company currently produces over 4,000 barrels of oil per day net from its fields in New Zealand and China, which generated over US$80 million in net operating income after operating expense for the year ended 30 June 2015.  Further development candidates remain in and around these producing fields.

Horizon Oil maintains prudent policies of oil price hedging and loss of production insurance to ensure that sufficient cash flow is generated to meet the funding requirements of its growth program.

The company holds a large undeveloped reserves and contingent resource position in Western Province, onshore Papua New Guinea.  These are liquids-rich gas resources and reflect Horizon Oil’s strategy to focus on Asian gas for growth.  Gas constitute about 2/3 of the reserves and resource base.  Commercialisation pathways for the gas are emerging.

Although Horizon Oil anticipates continuing strong cash generation over the medium term from its existing producing fields, these developed reserves account for only 10% of total reserves and resource base.  The focus going forward will be on new field development, funded largely from existing production cash flow.

    

News

Horizon Oil Ltd (ASX:HZN) Quarterly Activities Report

🕔7/24/2017 12:40:20 PM 1339

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) provides the Company's Quarterly Activities Report for the period ending 30 June, 2017.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Strengthens Acreage Position in Papua New Guinea

🕔7/18/2017 9:02:13 AM 1738

Horizon Oil (ASX:HZN) (OTCMKTS:HZNFF) is pleased to advise that it has increased to about 28% its interest in the total certified resources contained in Papua New Guinea's Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 mmbbl of condensate.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Begins Prepayment of Subordinated Loan

🕔5/22/2017 12:01:52 PM 2175

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to advise that it has made a US$5m prepayment of the US$50m subordinated, non-amortising loan from its largest shareholder, IMC Investment Limited. The Company intends to repay a further US$5m before the end of this year, provided no unforeseen circumstances arise in the interim. This will result in a reduction in interest payments of about US$1.0m p.a.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Quarterly Activities Report

🕔4/28/2017 9:39:21 AM 2034

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to provide the Company's Quarterly Activities Report.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Investor Presentation

🕔4/11/2017 11:33:07 AM 2224

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to provide the Company's presentation which will be made today by Brent Emmett at The CEO Sessions.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Investor Presentation

🕔3/22/2017 10:41:29 AM 2167

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to provide the Company's latest Investor Presentation.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Director Appointment

🕔3/6/2017 11:41:57 AM 4495

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to advise that Mr Greg Bittar has today been appointed as non-executive director of the Company.

Read Full Article

Horizon Oil Ltd (ASX:HZN) CEO Presentation at PNG Petroleum and Energy Summit

🕔2/28/2017 11:18:16 AM 3583

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to provide the Company's latest CEO presentation at PNG Petroleum and Energy Summit titled "Developing Western Province Gas".

Read Full Article

Horizon Oil Ltd (ASX:HZN) Half Year Report

🕔2/27/2017 11:03:14 AM 1933

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to provide the Company's half-year report for the period to 31 December 2016.

Read Full Article

Horizon Oil Ltd (ASX:HZN) Half-Year Results Presentation

🕔2/27/2017 11:02:43 AM 2743

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to provide the Company's latest presentation for Half-Year FY2017 Financial Results.

Read Full Article
###

89,042 COMPANY PROFILE VIEWS

  • This Page Viewed: (Last 7 Days: 59) (Last 30 Days: 286) (Since Published: 16281) 

Markets ASX:HZN

Company Data

    Headquarters
  • Level 6
    134 William Street
    Woolloomooloo
    NSW 2011, Australia
  • Telephone
  • +61-2-9332-5000 
  • Fax
  • +61-2-9332-5050 
  • Principal Sector
  • Energy 
  • Principal Industry
  • Energy 
  • Listed
  • 1981/06/30 
  • Homepage
  • www.horizonoil.com.au
  • E:
  • info@horizonoil.com.au

Company Reports

Presentations

Quarterly Report

Social Media