Horizon Half Year Results – RISC Support in PNG asset sale process

Horizon Oil advised on 22 November 2012 that it had initiated a sale process of a partial interest in it’s PNG assets with the intent of introducing a new participant to add strategic value to existing strong joint ventures. The process, conducted on behalf of Horizon by Lazard and RISC is proceeding and, subject to potential arrangements reflecting the board’s firm view of the material future value of the PNG interests, is anticipated to conclude in March 2013.

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