Claim 55% 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
Horizon Oil Limited ( (AU:HZN) ) has issued an announcement.
Echelon Resources Limited has secured a further extension to finalise key gas supply agreements in Australia’s Northern Territory, reflecting its role as a significant non-operator participant in the Mereenie and Palm Valley gas fields alongside Central Petroleum, Cue Energy and Horizon Australia Energy.
The deadline to execute binding gas supply contracts with the Northern Territory’s Power and Water Corporation has been pushed from 24 March to 1 April 2026, giving the joint venture partners additional time to lock in commercial terms that will influence future production, revenue visibility and regional energy supply.
The most recent analyst rating on (AU:HZN) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Horizon Oil Limited stock, see the AU:HZN Stock Forecast page.
More about Horizon Oil Limited
Average Trading Volume: 2,476,831
Technical Sentiment Signal: Buy
Current Market Cap: A$423.2M
For a thorough assessment of HZN stock, go to TipRanks’ Stock Analysis page.