Horizon CEO suspended amid PNG investigation

HORIZON Oil has established an independent board committee to investigate the corruption and bribery allegations regarding its dealings with a Papua New Guinea company almost a decade ago, with CEO Michael Sheridan suspended.

Horizon CEO suspended amid PNG investigation Horizon CEO suspended amid PNG investigation Horizon CEO suspended amid PNG investigation Horizon CEO suspended amid PNG investigation Horizon CEO suspended amid PNG investigation

Establishes independent board committee

Sheridan has been chief executive since 2018 and at the time of the payment in 2011 he was the company's chief financial officer, company secretary and sat on the board.