Horizon Oil Locks in 180,000-Barrel Brent Swaps at $71 to Hedge Price Volatility

MT Newswires Live

Apr 07, 2025

Horizon Oil (ASX:HZN) currently has in place a total of 180,000 barrels (bbls) of dated Brent swaps at a weighted average price of $71/bbl with 110,000 bbls covering May aligned with the next forecast Maari and Block 22/12 oil liftings, according to a Monday Australian bourse filing.

The company said it also has a further 70,000 bbls covering the period from June to December, the filing said.

The company said it has put in place the oil hedging volumes over recent months to mitigate the impact of oil price volatility on corporate cash flows.

The majority of the group's Mereenie gas production is currently sold under fixed-price gas contracts which are not impacted by recent volatility in commodity prices, the filing added.

The company's shares rose 2% in recent Monday trade.

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