Horizon Eyes HK Float, Needs More Bulk

Monday, June 06, 2011

According to a report from The Wall Street Journal, Australia oil and gas producer Horizon Oil has considered listing shares in Hong Kong but the company lacks the scale in China to justify such a move, chief executive Brent Emmett said. Horizon increased its stake in the development of two oilfields offshore from southern China by acquiring Petsec Energy's interest in block 22/12.

Source: The Wall Street Journal

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