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Horizon Oil Limited (ASX:HZN)

ALERT: Price-sensitive ASX Announcement for HZN
Current share price for HZN : $0.200 -0.02 (-9.09%)+
Announcement
Release
12 Aug 2026 9:45AM
Price at Release
$0.220
Full Release
download
Summary
Horizon Oil Limited's Corporate Overview, as of August 2026, highlights its diversified and cash-generative oil and gas operations across five Asia-Pacific countries: Australia, New Zealand, China, Thailand, and Indonesia. The company emphasizes its robust production base with a current net production rate of approximately 7,300 barrels of oil equivalent per day (boepd), supported by 2P reserves of 13.6 million barrels of oil equivalent (MMboe) and 2C contingent resources of 19.8 MMboe. Horizon's operations focus on long-life, low-cost reserves with stable demand, leveraging established infrastructure and strategic partnerships. The company is dedicated to disciplined capital allocation, shareholder returns, and maintaining strong cash flows. Key assets include the Maari oil project in New Zealand, Block 22/12 in China, and various gas fields in Australia and Thailand. Upcoming opportunities involve optimization projects and development drilling across its portfolio.
Key Points
  • Diversified portfolio across five Asia-Pacific countries.
  • Current production rate of ~7,300 boepd.
  • 2P reserves of 13.6 MMboe and 2C resources of 19.8 MMboe.
  • Focus on long-life, low-cost reserves and stable demand.
  • Established infrastructure and strategic partnerships.
  • Disciplined capital allocation and shareholder returns.
  • Key assets include the Maari oil project and Block 22/12.
  • Upcoming optimization projects and development drilling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.