HZN 0.00% 19.5¢ horizon oil limited

HZN Valuation, page-28

  1. 6,083 Posts.
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    Yes Pox has plans for Stanley that do not include Horizon or Repsol. He's only trying to get the licences back because of the plans. But rule of law prevails in PNG thanks to Australian colonisation and massive aid. It's not so easy for him to take the development licence away. And there is the impression of sovereign risk that is negative for PNG. I would think that a not very fair deal will be hammered out. Our stake will be less and Kumul will get more but we will still get a large benefit.
 
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