Share Name Share Symbol Market Type Share ISIN Share Description
Horizon Acqn LSE:HZN London Ordinary Share GB00B58D4C52 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 950.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -3.8 -9.3 - 384.89

Horizon Acqn Share Discussion Threads

Showing 1 to 10 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
24/2/2010
10:44
panachegrp, not known, best guess is before 2011.
utsushi
05/2/2010
11:22
Dealings commence on Tuesday 9th Feb 2010 - so how long before the first (and only?) deal?
panachegrp
03/4/2008
15:29
I have shares in rift who have this jv with Austral but know nothing about HZN Can anybody enlighten me? Austral announces PNG asset sale and debt reduction - CORRECTED Wellington, New Zealand - March 26, 2008 - Austral Pacific Energy Ltd. (TSX-V: APX; NZSX: APX; AMEX: AEN) Austral Pacific Energy Ltd. announces that it has signed an agreement with a subsidiary of Horizon Oil Limited (ASX: HZN) for the purchase of Austral's 28.92% interest in Papua New Guinea petroleum retention license (PRL) 4 and 10.7% interest in PRL 5. The offers are subject to the pre-emptive rights in the relevant joint venture agreement, which give the existing joint venture parties a 45 day period in which to take up an option to purchase a proportionate share of Austral's interest on the same terms and conditions as the Horizon agreement. The Company plans to use the proceeds of sale to accelerate loan repayments under the Company's debt facility with Investec. The amount outstanding under the debt facility is US$18.65m. Under the arrangement, Austral will, using the proceeds of sale, along with other scheduled reductions and the set-off of funds being held in a reserve account, reduce the company debt to US$11 million by May 31, 2008, a reduction of $7.5 million. Commenting on the early repayment and asset sale, Company CEO Mr. Jewell said, "Now is a good time to reduce the company's debt profile, strengthen the balance sheet, and retain its focus on the growth of production from our core assets including the Cheal field development, Kahili Gas Development and Cardiff appraisal. To facilitate this, Austral has completed a review of its inventory of projects and will monetize non-core assets where the divestment can take advantage of the value cycle of the asset and deliver economic value to the company." Mr. Jewell also said, "Austral has funding and plans in place to drill additional wells in the Cheal field in the second quarter of this year." Additionally Austral and the holders of $10 million in redeemable preferred shares convertible at $1.30 have agreed to swap those shares for an unsecured $10 million debenture with the same economic terms as the preferred shares. The preferred shares are currently carried within Austral accounts as long-term debt under generally accepted accounting principles. Web site: www.austral-pacific.com Email: ir@austral-pacific.com Phone: Thom Jewell, CEO +64 (4) 495 0880 or Brad Holmes
lgw
12/7/2007
10:20
Break out iminent? This is a $1 stock,a few more cents and the next stop should be $0.50 ish,longer term a $1. PS R33 skyline ,thanks for putting those updating graphs in here.Very helpfull. Hit the top of the range again,need a break out from here,so little pullback then off to 50 cents
traderabc
06/6/2007
10:27
hmm,wot's this spike about? My target is $1,maybe a few more years wait needed.
traderabc
09/5/2006
13:56
R33skyline, Yes it does,again thanks,so the find may be a 'few millions to tens of millions of barrels' I wonder what the current share price is factoring in with this regard. Obviously not a dud well,but is it going to be a significant find?
traderabc
09/5/2006
13:26
I think that explains the jump in share price .
r33skyline
09/5/2006
13:07
r33sky Thanks for the post. You holding? So from what I understand,Horizon has a holding in a company that MAY have found some oil and gas,but it it is too early to say for sure. So persumably if it is a proper find HZN goes higher.if it is a dud then back to 15 cents? Is this the deal.Any opinions?
traderabc
09/5/2006
12:57
http://sa.iguana2.com/cache/dff6e5a100c4767148ab473e174b892f/ASX-HZN-176762.pdf http://stocknessmonster.com/news-history?S=HZN&E=ASX
r33skyline
09/5/2006
12:49
Anyone holding this?I can't find much in the way of news justifying the massive increase in price. Anyone know what's going on with this one?
traderabc
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