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Last A$0.09 AUD
Change Today 0.00 / 0.00%
Volume 148.0K
As of 10:44 PM 08/2/15 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
08/4/14 - A$0.37
52 Week Low
06/16/15 - A$0.08
Market Cap
119.8M
Average Volume 10 Days
1.9M
EPS TTM
A$0.02
Shares Outstanding
1.3B
EX-Date
04/13/92
P/E TM
4.2x
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 Reportedly Anticipated Takeover Target

Horizon Oil Limited (ASX:HZN) is reportedly believed to be back on the radar as a takeover target, amid an anticipated upcoming shake-out in the Australian oil and gas space. The falling Australian dollar is also making such targets increasingly attractive.

Horizon Oil Limited Reports Earnings and Operating Results for the Fourth Quarter and Year Ended June 2015; Provides Capex Guidance for the Year Ending June 30, 2016

Horizon Oil Limited reported earnings results for the fourth quarter and year ended June 2015. For the quarter, the company reported revenue of USD 25.1 million. Sales were 0.32 million bbls. Net operating income was USD 21.4 million. Capex was USD 9.8 million. For the quarter, the company's production was 367,342 bbls, an increase of 13.2% on prior quarter. For the year, the company reported revenue of USD 104.0 million. Sales were 1.21 million bbls. Net operating income was USD 81.2 million. Capex was USD 82.7 million. For the year, the company's production was 1,310,485 bbls For the year ending June 30, 2016, the company expects capex of USD 33 million. The company expects net operating income of USD 80 million.

Horizon Oil Reports the Successful Completion of the Maari Growth Project

Horizon Oil reported the successful completion of the Maari Growth Project with the final well, MR10, now on production. The MR10 well has been successfully drilled and completed and, as of 6 July 2015, was flowing approximately 2,000 barrels of oil per day (bopd), with daily production of approximately 16,500 barrels of oil per day. The final flow rate for MR10 will be optimised by the Operator, OMV New Zealand, based on engineering data collected as the well continues to stabilise. A total of four new production wells were drilled in the Maari Growth Program using the Ensco 107 jack-up rig. The operator of the Maari joint venture anticipates the field’s production capacity to increase to approximately 20,000 bopd with the optimisation of production from MR10 and an upcoming 2015 work-over campaign. The Ensco 107 is being prepared for demobilisation from the Maari Field. The Maari joint venture’s work-over unit (WOU) equipment is being prepared for scheduled load out to the wellhead platform in late July 2015. The WOU will be used to carry out maintenance workovers and other activities such as adding perforations to further enhance production. The work-over campaign is scheduled will commence after the demobilisation of the Ensco 107.

 

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Industry Analysis

HZN

Industry Average

Valuation HZN Industry Range
Price/Earnings 4.3x
Price/Sales 0.7x
Price/Book 0.3x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
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