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| 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 | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 950.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 950.00 | GBX |
Horizon Acqn (HZN) Share Charts1 Year Horizon Acqn Chart |
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1 Month Horizon Acqn Chart |
Intraday Horizon Acqn Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/4/2011 | 11:36 | Horizon oil (Australia) | 9 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 03/4/2008 15:29 by lgw I have shares in rift who have this jv with Austral but know nothing about HZNCan 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. Email: ir@austral-pacific.c Phone: Thom Jewell, CEO +64 (4) 495 0880 or Brad Holmes |
Posted at 09/5/2006 13:56 by traderabc 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? |
Posted at 09/5/2006 13:26 by r33skyline I think that explains the jump in share price . |
Posted at 09/5/2006 13:07 by traderabc r33skyThanks 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? |
Posted at 09/5/2006 12:49 by traderabc 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? |
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