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Horizon Oil Limited ( (AU:HZN) ) just unveiled an announcement.
Cue Energy Resources Limited announced the successful completion of the WM29 development well at the Mereenie gas field, operated by Central Petroleum Limited. This well is expected to be connected to the gathering system by late January. The commencement of the WM30 well indicates continued development in the field, aiming to boost production capacity above 30 TJ/d. The new gas production may be allocated to the Northern Territory Government Gas Sales Agreement.
More about Horizon Oil Limited
Cue Energy Resources Limited is an oil and gas production and exploration company listed on the Australian Securities Exchange and based in Melbourne. The company derives its revenue from gas and oil production across multiple fields in Indonesia, onshore Australia, and offshore New Zealand.
YTD Price Performance: 35.00%
Average Trading Volume: 29,971
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $191M
For an in-depth examination of HZN stock, go to TipRanks’ Stock Analysis page.
