Horizon Oil Limited Stock

Horizon Oil Limited is an Australia-based upstream oil and gas company. The Company is engaged in the exploration, development and production of petroleum. The Company operates through two segments. New Zealand exploration and development segment is involved in development and production of crude oil from the Maari/Manaia oil field development, and the exploration and evaluation of hydrocarbons within the permit. China exploration and development segment is involved in the development and production of crude oil from Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. Block 22/12 is located in the Beibu Gulf of the South China Sea, in approximately 40 meters of water. The Maari and Manaia producing oil fields are located in the Taranaki Basin in the Tasman Sea, approximately 80 kilometers offshore the south Taranaki coast of New Zealand in approximately 100 meters of water.