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Horizon Oil Limited ( (AU:HZN) ) just unveiled an update.
Echelon Resources Limited announced a gas supply agreement with McArthur River Mining Pty Ltd, involving 2.1 Petajoules of firm gas and ‘as available’ gas to be supplied in 2026 and 2027. This agreement, part of the Mereenie joint venture, includes take-or-pay provisions and pricing indexed to CPI, highlighting Echelon’s strategic positioning in supplying critical energy resources to significant industrial operations in the Northern Territory.
More about Horizon Oil Limited
Echelon Resources Limited, trading as Echelon (ASX:ECH), is an energy commodity exploration and production company focused on Australasia, with headquarters in Wellington, New Zealand. The company is engaged in ethical development and exploration activities, maintaining strong ESG standards. Echelon’s portfolio includes onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia, held directly or through its stake in Cue Energy Resources Limited (ASX:CUE). The company is actively exploring and developing its assets while seeking additional value-accretive opportunities.
YTD Price Performance: 25.77%
Average Trading Volume: 1,192,664
Technical Sentiment Signal: Buy
Current Market Cap: A$333.7M
Find detailed analytics on HZN stock on TipRanks’ Stock Analysis page.