Horizon Oil Limited ( (AU:HZN) ) has provided an announcement.
Horizon Oil Limited has implemented a hedging strategy to manage the impact of oil price volatility on its cash flows. The company has secured 180,000 barrels of dated Brent swaps at an average price of US$71 per barrel, covering oil liftings from May to December 2025. Additionally, Horizon’s Mereenie gas production is largely protected from price fluctuations due to fixed-price contracts, ensuring stability in its revenue streams.
More about Horizon Oil Limited
Horizon Oil Limited operates in the energy sector, primarily focusing on oil and gas exploration and production. The company is engaged in the extraction and sale of crude oil and natural gas, with a market focus on mitigating risks associated with commodity price volatility.
YTD Price Performance: 38.38%
Average Trading Volume: 28,471
Technical Sentiment Signal: Strong Sell
Current Market Cap: $201.3M
Learn more about HZN stock on TipRanks’ Stock Analysis page.