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Horizon Oil to update market on ‘material control transaction’

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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: 0.14 AUD

ASX:HZN
Market: ASX
Market Cap: $182.28 m
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