Horizon shareholders 'know its value'

HORIZON Oil may well be undervalued following the collapse of its $800 million merger with Roc Oil but the company won't go cheaply into another merger, according to company CEO and managing director Brent Emmett.

Investors and analysts believe Horizon's valuation could rise based on the cash price of $US450 million Fosun is paying for its off-market takeover and related holdings held by both Horizon and Roc in