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Horizon Oil Limited ( (AU:HZN) ) has issued an update.
Horizon Oil Limited reported steady production and financial performance for the quarter ending 31 March 2025. The company paid an interim dividend and maintained robust cash reserves, supported by successful infill drilling at Mereenie and strategic acquisition of gas fields in Thailand. This acquisition marks a significant re-entry into the Thai market, expected to enhance production and provide stable cash flow. The company’s balance sheet remains strong, with continued investment in asset growth and shareholder returns.
More about Horizon Oil Limited
Horizon Oil Limited operates in the oil and gas industry, focusing on exploration, development, and production of hydrocarbons. The company is involved in various projects across Southeast Asia and Australia, with a market focus on stable, low-risk production and strategic growth opportunities.
YTD Price Performance: 40.0%
Average Trading Volume: 27,758
Technical Sentiment Signal: Sell
Current Market Cap: $188.1M
Find detailed analytics on HZN stock on TipRanks’ Stock Analysis page.