Horizon Oil Limited ( (AU:HZN) ) has issued an update.
Horizon Oil Limited announced that the gas supply agreement for Arafura’s Nolans rare earths project has lapsed due to unmet conditions. As a result, Horizon and its Mereenie joint venture partners will re-market the gas production, initially intended for the Nolans project, to other customers in the Northern Territory and the East Coast, starting in 2028.
More about Horizon Oil Limited
Horizon Oil Limited is an energy company involved in the exploration, development, and production of oil and gas. The company operates primarily in the Northern Territory and the East Coast of Australia, focusing on joint ventures and partnerships to expand its market reach.
YTD Price Performance: 30.0%
Average Trading Volume: 27,335
Technical Sentiment Signal: Sell
Current Market Cap: $205.8M
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