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Horizon Oil Limited ( (AU:HZN) ) just unveiled an update.
Horizon Oil Limited has finalized an amendment to its senior debt facility agreement with Macquarie Bank to finance its acquisition of interests in the Sinphuhorm and Nam Phong gas fields in Thailand. This transaction, conducted through a consortium with Matahio Energy, is expected to add approximately 2,000 boe/d to Horizon’s production and significantly reduce the cash consideration required. The amended debt facility provides Horizon with increased financial flexibility and liquidity, supporting further development of its resources and enhancing its industry positioning.
More about Horizon Oil Limited
Horizon Oil Limited is a company operating in the oil and gas industry, focusing on the exploration, development, and production of oil and gas resources. The company is involved in various projects and has a market focus on expanding its production capabilities and resource base.
Average Trading Volume: 1,908,978
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$300.7M
See more data about HZN stock on TipRanks’ Stock Analysis page.