Horizon Oil Limited (AU:HZN) has released an update.
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Horizon Oil Limited, through its joint venture, has commenced drilling at the Mereenie field targeting a significant increase in gas production. The campaign involves two wells, West Mereenie-29 and West Mereenie-30, which are expected to meet the growing demand in the Northern Territory market. This development underscores the company’s ongoing commitment to expanding its energy portfolio in Australasia.
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