Horizon Oil Expands Reserves Base as Thailand and Cue Acquisitions Drive Growth
Horizon Oil Limited (ASX: HZN) has reported a substantial increase in its reserves and resources for the year ended 30 June 2026, underlining the impact of its strategic acquisitions across Thailand, Australia, New Zealand and Indonesia. Net 2P Proved and Probable Reserves rose 51% to 13.6 MMboe from 9.0 MMboe a year earlier, despite 2.1 MMboe of production during FY26.
The growth was supported by Horizon’s Thailand interests and the acquisition of a controlling stake in Cue Energy Resources, contributing 6.0 MMboe to reserves. Net 2C Contingent Resources also increased 61% to 19.8 MMboe, while 2U Prospective Resources surged 450% to 14.3 MMboe. FY26 production reached a record 2.1 MMboe, compared with 1.6 MMboe previously, supported by Thailand.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Horizon Oil Expands Reserves Base as Thailand and Cue Acquisitions Drive Growth
Horizon Oil Limited (ASX: HZN) has reported a substantial increase in its reserves and resources for the year ended 30 June 2026, underlining the impact of its strategic acquisitions across Thailand, Australia, New Zealand and Indonesia. Net 2P Proved and Probable Reserves rose 51% to 13.6 MMboe from 9.0 MMboe a year earlier, despite 2.1 MMboe of production during FY26.
The growth was supported by Horizon’s Thailand interests and the acquisition of a controlling stake in Cue Energy Resources, contributing 6.0 MMboe to reserves. Net 2C Contingent Resources also increased 61% to 19.8 MMboe, while 2U Prospective Resources surged 450% to 14.3 MMboe. FY26 production reached a record 2.1 MMboe, compared with 1.6 MMboe previously, supported by Thailand.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au