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Horizon Oil Limited ( (AU:HZN) ) just unveiled an announcement.
Horizon Oil Limited announced the successful completion of the WM29 well in the Mereenie Development Program, which was drilled and cased through key formations and is set to enhance the company’s output in the gas sector. The commencement of the WM30 well aims to further increase production, leveraging insights from WM29, to meet the demands of the newly signed Northern Territory Government Gas Sales Agreement, indicating a strategic push to boost supply capabilities.
More about Horizon Oil Limited
Horizon Oil Limited is a company operating in the oil and gas industry, focusing on the exploration, development, and production of oil and gas assets. The company is involved in projects that contribute to energy supply and is part of a joint venture in the Mereenie Field, Northern Territory, Australia.
YTD Price Performance: 35.00%
Average Trading Volume: 29,971
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $191M
Learn more about HZN stock on TipRanks’ Stock Analysis page.
