MARKETS

Horizon revenue rises

HORIZON Oil has hammered its cash flow breakeven price to $US33/barrel ($A41.6/bbl), and managed to deliver revenue above the cost of production last year sufficient to allow it to tackle its high levels of debt.

 Brent Emmett.

Brent Emmett.

The New South Wales-based oiler, which has production in New Zealand and China, is pushing hard to get a gas-liquids project away in Papua New Guinea, and saw revenue jump 5.9% to $19 million for the June...

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