The financial results for the financial year ended 30 June 2015 are set out in the attached results announcement, Preliminary Final Report (Appendix 4E) and Annual Financial Report. A financial summary and key financial and operational results are set out below: (All figures are presented in United States dollars, unless otherwise stated)
Commenting on the result, Horizon Oil’s Chief Executive Officer, Brent Emmett, stated:
"This is a strong result, particularly in light of the prevailing oil price environment. Horizon Oil’s ability to maintain strong revenue, cashflow and profitability in this environment is a testament to the quality of its assets and the ability of management to respond quickly to the changing environment with its oil price hedging approach and by cutting operating and capital expenditure. The Company’s strategic assets ensure that we have a development pipeline that will continue to deliver for our shareholders.”
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