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Last A$0.09 AUD
Change Today +0.002 / 2.27%
Volume 2.7M
As of 2:11 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

horizon oil ltd (HZN) Snapshot

Open
A$0.09
Previous Close
A$0.09
Day High
A$0.09
Day Low
A$0.09
52 Week High
07/4/14 - A$0.39
52 Week Low
06/16/15 - A$0.08
Market Cap
117.2M
Average Volume 10 Days
4.1M
EPS TTM
A$0.02
Shares Outstanding
1.3B
EX-Date
04/13/92
P/E TM
4.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for HORIZON OIL LTD (HZN)

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horizon oil ltd (HZN) Details

Horizon Oil Limited, a junior oil and gas company, is engaged in the exploration, development, and production of oil and gas properties in Southeast Asia. Its assets include the Maari/Manaia fields and Offshore Taranaki Basin property in New Zealand; Stanley condensate/gas development and the Elevala and Ketu projects in Papua New Guinea; and Block 22/12 in China. The company is based in Woolloomooloo, Australia.

17 Employees
Last Reported Date: 08/27/14

horizon oil ltd (HZN) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: $1.1M
Chief Financial Officer and Company Secretary
Total Annual Compensation: $811.7K
Manager of Exploration & Development
Total Annual Compensation: $784.7K
Compensation as of Fiscal Year 2014.

horizon oil ltd (HZN) Key Developments

Horizon Oil Provides Update on Production at its Maari MR7A Development Well - Maari Growth Project

Horizon Oil announced that production from the Maari MR7A development well has been brought on stream, with a provisional initial production rate between 1,500-2,000 barrels of oil per day (bopd). The optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. The Maari field aggregate daily production is now approximately 15,000 bopd. Production commenced on 18 May 2015 from the Moki Formation reservoir unit in the Maari field. The well was drilled horizontally to a total depth of 4,220 m of which approximately 920 m was completed in high net-to-gross, good quality reservoir section, as indicated by well log data. Based on initial production and currently available information the well is anticipated to meet pre-drill expectations and materially contribute to field production. The Maari Growth Project offshore Taranaki in New Zealand is being conducted to increase reserves, production, and recovery from the Maari field. The Ensco 107 rig is now drilling the MR10 well to provide an additional producer in the Moki Formation which, at a future date, will be converted to a water injector well to support production and enhance oil recovery from the Moki Formation.

Horizon Oil Limited Reports Production Results for the Third Quarter and Year to Date March 31, 2015, Earnings Results for the Third Quarter and Revenue Results for the Year to Date March 31, 2015

Horizon Oil Limited reported production results for the third quarter and Year to date March 31, 2015, earnings results for the third quarter and revenue results for the Year to date March 31, 2015. Production revenue, including hedge gains for quarter, of $25.7 million, an increase of 8% on Dec. 2014 quarter. Capital expenditure reduced by 76% from Dec. 2014 quarter from $38.2 million to $8.9 million with completion of exploration and development drilling in China and PNG. Quarterly net operating income was $20.85 million. Year to date revenue was $79 million. Production for quarter 324,478 bbls, an increase of 6% on Dec. 2014 quarter. Gross oil production averaged 10,533 bopd (HZN: 2,839 bopd). All of the 15 production wells are now being produced with artificial lift by electrical submersible pumps. Cumulative oil production from the combined fields at 31 March 2015 exceeded 8.0 mmbo. Financial year to date production was 943,143 mmbo.

Horizon Oil Limited(ASX:HZN) dropped from S&P/ASX 200 Energy Sector Index

Horizon Oil Limited(ASX:HZN) dropped from S&P/ASX 200 Energy Sector Index

 

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Industry Analysis

HZN

Industry Average

Valuation HZN Industry Range
Price/Earnings 4.4x
Price/Sales 0.7x
Price/Book 0.3x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
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