Horizon Oil Limited (AU:HZN) has released an update.
Horizon Oil Limited announces robust annual financial results for FY24, including a final dividend of AUD 1.5 cents per share, culminating in AUD 3.0 cents per share for the year. The company highlighted continued strong cashflow with operating activities generating US$64.2 million and reported a profit before tax of US$39.2 million. Key achievements included the transformative Mereenie acquisition, diversifying its production base and doubling its 2P reserves, along with successful drilling programs at Block 22/12.
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