Latest Horizon Oil (ASX:HZN) News

Horizon Oil has used its Pareto Securities presentation to put record FY26 production, enlarged reserves and a multi-country drilling pipeline at the centre of its growth case. The stronger platform comes with a test: convert a long list of projects into sustained cash flow while preserving shareholder returns.

Horizon Oil has brought its Nam Phong booster compressor online in Thailand, lifting gross field gas sales to approximately 10.3 TJ/d. The early result is expected to raise Thailand’s contribution to group production by about 500 boepd, although the company has not disclosed the project’s cost or stabilised production outlook.

Small-cap resources led the week, with Discovery Alaska rising 90% as it bought a Western Australian gold project. Gold, copper and critical minerals companies also drew strong buying. Large energy names posted solid results, but several shares fell as investors weighed capital needs, project delays and weaker forward guidance.

Horizon Oil Limited delivered record FY26 production of 2.15 million barrels of oil equivalent and expanded its reserves by 51% to 13.6 million boe, driven by strategic acquisitions and disciplined capital management.

Horizon Oil’s Sinphuhorm Pad D facility in Thailand has achieved first gas well ahead of schedule, with strong initial production rates validating the project's potential to unlock underutilised reserves.

Small explorers led the ASX week, with Lachlan Star, EcoGraf and Basin Energy recording the biggest gains on new drilling, offtake and exploration news.
Takeovers, capital raisings and strong company results also drew attention, although several large stocks fell despite reporting better earnings.

Small-cap materials shares produced some of the market’s biggest moves, led by a dramatic rise in Accent Resources and strong gains in gold and critical metals explorers.
Investors also weighed new project funding, drilling results, acquisitions and several steep falls after opening price gaps.

Horizon Oil has delivered a record FY26 production of 2.15 million barrels of oil equivalent and expanded its footprint to five countries following the Cue Energy takeover. The company’s diversified portfolio and disciplined capital management underpin a robust growth pipeline through 2028.

Horizon Oil's 2026 reserves statement reveals a 51% jump in net 2P reserves to 13.6 million barrels of oil equivalent, driven by strategic acquisitions and record production.

Small-cap shares produced the week’s biggest moves, led by Xenitra’s 60% surge and Carnaby Resources’ takeover jump.
Mining news dominated, but sharp falls in Lotus Resources and several funded developers showed that new capital can still unsettle investors.

Carnaby led the market after Evolution Mining agreed to a A$213 million takeover. Coal and lithium names fell despite major production and funding news.
Across materials, investors rewarded deals and cash flow, but punished large capital needs and weak price follow-through.

Horizon Oil achieved record production and sales in FY26, driven by its Thailand assets, and completed the off-market takeover of Cue Energy, expanding its footprint across five countries.