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An update from Horizon Oil Limited ( (AU:HZN) ) is now available.
Horizon Oil Limited’s 2025 Reserves and Resources Statement reports a 9% decrease in net Proved + Probable (2P) Reserves, primarily due to production activities, offset by a life extension project at the Maari field. The company experienced a strong production year with 1.6 MMboe, despite a natural decline in China oil production. The statement also highlights a significant acquisition in Thailand, expected to add materially to Horizon’s reserves, although these will be formally booked in the next report. This acquisition and the ongoing projects underscore Horizon’s strategic efforts to stabilize and potentially grow its resource base, impacting its industry positioning and stakeholder interests.
More about Horizon Oil Limited
Horizon Oil Limited operates in the oil and gas industry, focusing on the exploration, development, and production of hydrocarbons. The company is involved in various projects across regions, including New Zealand, China, and Thailand, with a market focus on crude oil, condensate, and natural gas production.
YTD Price Performance: 14.29%
Average Trading Volume: 1,339,092
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$325.1M
See more insights into HZN stock on TipRanks’ Stock Analysis page.