Our focus area is South East Asia where there is a strong demand for oil and gas, a mature operating environment and with limited competition from big companies.
Horizon Oil’s intention is to build a portfolio of business opportunities with a risk and reward profile that will achieve sustainable increase in real shareholder value. Our goal is to increase Horizon Oil’s share price by a significant multiple and, at that point, give all shareholders the opportunity of crystallising their investment.
Horizon Oil typically seeks to form joint ventures with partners who are sufficiently qualified to operate the projects in which Horizon Oil has an interest, rather than operate ourselves. This approach allows our management team to add value by contributing its significant experience to these joint ventures, without being distracted by the details of managing the day-to-day operations. Horizon Oil will consider operatorship if and when the benefits of undertaking such a role suit the strategic objectives of the company.