Horizon bolsters position in PNG

NEGOTIATIONS over Papua New Guinea’s Western Forelands has delivered Horizon Oil an improved position in the region’s undeveloped gas condensate field, including entry into the Puk Puk and Douglas fields, the only existing appraised fields in which it had no stake.

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Horizon CEO Brent Emmett

The company said its deals delivered it almost 28% in the total certified resources contained in Papua New Guinea's Western Foreland fields of 2-2.

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