Australia's Horizon Oil climbs on strong Q4 results

Horizon Oil

28/07/2022 04:16

** Shares of oil and gas co Horizon Oil  HZN.AX  rise as
much as 8% to A$0.135, their highest since July 5
    ** Co says Q4 production volumes were increased 9.6% over
prior quarter to 348,214 barrels  urn:newsml:reuters.com:*:nASX7YcXsR
    ** Says Q4 sales volumes increased 12% on the prior quarter
to 345,558 barrels and revenue increased 39% to $40.1 mln 
    ** Co separately announced that production at its newly
developed WZ12-8E oilfield, in Beibu Gulf, China, was restarted
on July 24, after being shut in for over a month due to repair
works  urn:newsml:reuters.com:*:nASX3Hdlfk
    ** More than 2.5 mln shares change hands, 2.9 times the
30-day-average of 881,226 shares
    ** As of last close, stock up 35.9% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))