Horizon secures Stanley project funding

HORIZON Oil has finalised a $US160 million reserves-based lending facility which will meet its share of development costs for the $300 million Stanley field gas condensate recovery project in Papua New Guinea’s Western Province.

Horizon secures Stanley project funding Horizon secures Stanley project funding Horizon secures Stanley project funding Horizon secures Stanley project funding Horizon secures Stanley project funding

The debt facility, with a term of six years, is jointly mandated by a consortium of international banks and is underpinned by Horizon’s production and development assets.
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