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Horizon Oil Limited ( (AU:HZN) ) has provided an update.
Horizon Oil Limited and its Mereenie Joint Venture partners have extended the deadline with Northern Territory utility Power and Water Corporation to finalise a binding gas sales agreement. The cut-off date, originally set for 1 April 2026, has been pushed back to 10 April 2026 to allow more time to convert the existing letter of intent into a definitive supply contract.
The short extension underscores the progress of commercial negotiations around Mereenie gas sales but also signals that final terms are still being worked through. Stakeholders will be watching the coming days closely, as a completed gas sales agreement would clarify future revenue streams from the Mereenie field and support regional energy supply planning.
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
Horizon Oil Limited is an Australia-based energy company active in the oil and gas sector. The company participates in upstream exploration and production projects, including joint ventures such as the Mereenie gas field in the Northern Territory, supplying gas to regional utility and power markets.
Average Trading Volume: 2,665,687
Technical Sentiment Signal: Buy
Current Market Cap: A$455.7M
Find detailed analytics on HZN stock on TipRanks’ Stock Analysis page.