Horizon Oil Limited (AU:HZN) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Central Petroleum Limited has commenced drilling its first development well in the Mereenie field, aiming to boost production capacity above 30 terajoules per day. The initiative is part of a two-well program expected to produce at least 25 petajoules of gas over their lifespan, potentially enhancing cash flow through expanded gas sales agreements.
For further insights into AU:HZN stock, check out TipRanks’ Stock Analysis page.