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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.

    

Berita

Laporan Pasar Australia 31 Januari 2011: Kerjasama antara Roc Oil (ASX:ROC), Horizon Oil (ASX:HZN), Petsec Energy (ASX:PSA) Telah Mencapai Tahap Pembangunan Ladang Minyak di Cina.

🕔1/31/2011 1:30:00 PM 11173

Laporan Pasar Australia 31 Januari 2011: China National Offshore Oil Company Limited (CNOOC) (HKG:0883) (NYSE:CEO) telah menyetujui Investasi Proyek dan Rencana Pembangunan Keseluruhan dari Tiga Ladang Minyak di Cina; Cooper Strike Limited (ASX:CSE) menanda tangani kesepakatan dengan CIna untuk membiayai proyek cadangan multimineral di Queensland Utara; Jupiter (ASX:JMS) meningkatkan AUD 150 juta untuk mempercepat proyek penambangan di Afrika Selatan dan Australia; Viralytics Limited (ASX:VLA) (PINK:VRACY) telah menerima pemberitahuan dari CIna mengenai diizinkannya paten untuk menggunakan CAVATAKTM RNA sebagai obat anti kanker bagi manusia.

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Data Perusahaan

    Markas Besar
  • Level 6
    134 William Street
    Woolloomooloo
    NSW 2011, Australia
  • Telepon
  • +61-2-9332-5000 
  • Fax
  • +61-2-9332-5050 
  • Sektor Utama
  • Energi 
  • Industri Utama
  • Energy 
  • Homepage
  • www.horizonoil.com.au
  • E:
  • info@horizonoil.com.au

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