logo-loader
viewHorizon Oil Ltd.

Horizon Oil to update market on ‘material control transaction’

au_business_news_350_535864036d9c5.jpg

Horizon Oil (ASX: HZN) is preparing to announce a material control transaction and has placed its shares into an ASX trading halt.

The halt will remain in place until the earlier of the announcement being made or the commencement of trade on Tuesday, 29 April 2014.

While no details were released, it is interesting that Roc Oil (ASX: ROC), its partner in the oil producing Block 22/12 in China’s Beibu Gulf, has also gone into a trading halt regarding a possible transaction.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Horizon Oil Ltd.

Price: 0.075 AUD

ASX:HZN
Market: ASX
Market Cap: $97.65 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bulls, Bears and Brokers: Alto Capital’s Tony Locantro picks five...

Alto Capital investment manager and stock market commentator Tony Locantro speaks to Proactive about the stock markets reaction to the Dow Jones crash as well as the top five investments to look out for this week.  Locantro also provides his views on the real-estate markets'...

in 18 hours, 22 minutes

2 min read