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Horizon - Coal Seam Gas

Horizon Oil - ASX code HZN

Horizon Oil Limited, a junior oil and gas company, explores and develops oil and gas properties in Australia.
Its assets include the Maari/Manaia fields and Offshore Taranaki Basin in New Zealand; Stanley condensate/gas development and Elevala and Ketu projects in Papua New Guinea; and Block 22/12 in China. The company is based in Woolloomooloo, Australia.
Horizon Oil Limited is engaged in petroleum exploration, development and production.
The Company operates in five segments: New Zealand development, New Zealand exploration, China exploration and development, PNG exploration and development and other segments. New Zealand development is engaged in producing crude oil from the Maari/Manaia fields, located offshore New Zealand.
New Zealand exploration is engaged in the exploration and evaluation of hydrocarbons in two offshore permit areas, PEP 51313; and PMP 38160 Maari/Manaia.
China exploration and development is engaged in developing and producing of crude oil from the Block 22/12-WZ6-12 and WZ12-8W oil field development and in the exploration and evaluation of hydrocarbons within Block 22/12.
PNG exploration and development is engaged in the Stanley condensate/gas development (project FID during 2012), and the exploration and evaluation of hydrocarbons in six onshore permit areas, PRL 4, PRL 21, PPL 259, PPL 372, PPL 373 and PPL 430.

Horizon Oil Limited
134 William Street
Level 7
Woolloomooloo, NSW 2011
Phone: 61 2 9332 5000
Fax: 61 2 9332 5050
Mr. Brent D. Emmett B.Sc (Hons),
Chief Exec. Officer, Exec. Director, Member of Disclosure Committee and Member of Risk Management Committee
Mr. Michael F. Sheridan B.Ec, LL.M., F Fin,
Chief Financial Officer and Company Sec.
Mr. Alan Fernie ,
Mang. of Exploration & Devel.
Mr. Richard Beament ,
Mang. of Fin. & Commercial and Assistant Company Sec.
Mr. Paul Ettema B.E. (Hons),
Petroleum Engineering Adviser

According to Microaxis, the company has return on total asset (ROA) of 2.24 % which means that it generated profit of $2.24 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of 5.61 % meaning that it generated $5.61 on every $100 dollars invested by stockholders.

Search the ASX website for company announcements from Horizon Oil

HZN.AX Horizon 5 year chart retrieved on 18 November 2013





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