Horizon Oil Limited (AU:HZN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Horizon Oil Limited, through its joint venture, has commenced drilling at the Mereenie field targeting a significant increase in gas production. The campaign involves two wells, West Mereenie-29 and West Mereenie-30, which are expected to meet the growing demand in the Northern Territory market. This development underscores the company’s ongoing commitment to expanding its energy portfolio in Australasia.
For further insights into AU:HZN stock, check out TipRanks’ Stock Analysis page.