"Unsettling" quarter for Horizon, but fundamentals remain strong

WHILE Horizon Oil has reported “strong fundamentals” in its March quarterly, its said the COVID-19 pandemic and the collapse in oil prices had “unsettled” the company, not to mention the corruption allegations of earlier this year which saw its CEO suspended.

"Unsettling" quarter for Horizon, but fundamentals remain strong "Unsettling" quarter for Horizon, but fundamentals remain strong "Unsettling" quarter for Horizon, but fundamentals remain strong "Unsettling" quarter for Horizon, but fundamentals remain strong "Unsettling" quarter for Horizon, but fundamentals remain strong

Pushes back Q2 lifting, revises down guidance

 

On the production side, Horizon saw an increase of 4.8% quarter on quarter, to 391,000 barrels, with a financial year production level to date of 1.

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