Horizon Oil Limited (‘Horizon Oil’) is listed on the Australian Stock Exchange (‘ASX’) and is one of Australia’s leading junior oil and gas companies. Horizon Oil has approximately 918 million shares* on issue and a market capitalisation of around A$118 million (May 2009).
*a further 65,223,273 shares to be issued subject to shareholder approval
A Sydney based team of 7 experienced staff oversee operations in 6 countries, most notably, the producing Maari field offshore New Zealand, and assets under development in China (Block 22/12), and Papua New Guinea (PRL 4). Horizon Oil also has a significant exploration footprint in offshore New Zealand (Manaia and Matariki) with an interest in several prospective exploration concessions and is constantly on the lookout for additional opportunities.
2009 |
First cargo of crude oil from Maari offloaded in April |
2008 |
Announces farmin into PEP 38494 - Matariki |
2008 |
Achieves financial close on a revolving corporate debt facility with BOSI |
2008 |
Conducts successful production test of the Stanley 1 well (PRL 4 – PNG) with a view to commercialisation of the fields gas and condensate reserves |
2008 |
Maari wellhead platform successfully installed offshore New Zealand |
2007 |
Construction of the Maari wellhead platform underway |
2006 |
Achieves financial close on a project debt facility from BOSI with respect to the Maari field development |
2006 |
Wei 6-12S discovery made in Beibu Gulf (offshore China) |
2005 |
Announces FID with respect to the Maari field offshore New Zealand along with its co-venturers |
2003 |
Acquired 10% interest in PMP 38160 (Maari) |
2002 |
Name changed to ‘Horizon Oil Limited’ |