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Horizon Oil Limited (ASX:HZN)

ALERT: Price-sensitive ASX Announcement for HZN
Current share price for HZN : $0.210 -0.02 (-8.70%)+
Announcement
Release
19 Aug 2026 9:43AM
Price at Release
$0.230
Full Release
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Summary
Horizon Oil Limited announced the achievement of first gas from the Sinphuhorm Pad D Facility Project in Thailand, significantly ahead of schedule. The first gas was achieved on 11 August 2026, approximately 50 days earlier than planned. The facility successfully completed a 72-hour performance test with the PH-14 well producing between 25 and 30 million standard cubic feet of gas per day. This development is part of Horizon's efforts to optimize and expand its production infrastructure in Thailand. The Pad D development, located in the northern part of the Sinphuhorm field, is expected to enhance field productivity and maximize the use of existing infrastructure. Horizon holds a 7.5% interest in the Sinphuhorm gas and condensate field. The project is expected to support the delivery of reliable domestic energy supply in Thailand under long-term gas sales contracts. Horizon's CEO, Richard Beament, praised the team's planning, execution, and collaboration for the early project completion.
Key Points
  • First gas achieved from Sinphuhorm Pad D Facility Project in Thailand.
  • Achieved 50 days ahead of schedule on 11 August 2026.
  • Successful 72-hour performance test with PH-14 well.
  • Pad D located in the northern Sinphuhorm field.
  • Horizon holds 7.5% interest in the field.
  • Project enhances field productivity and infrastructure utilization.
  • Supports reliable domestic energy supply in Thailand.
  • CEO Richard Beament praised team execution and planning.
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.