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
company is based in Woolloomooloo, Australia.
Horizon Oil Limited is engaged in petroleum exploration, development
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
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.
134 William Street
Woolloomooloo, NSW 2011
Phone: 61 2 9332 5000
Fax: 61 2 9332 5050
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
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from Horizon Oil
HZN.AX Horizon 5 year chart retrieved on 18 November 2013