Horizon Bundle
Who Owns Horizon Oil?
Understanding a company's ownership is key to its strategy and control. Horizon Oil Limited recently acquired interests in Thailand Block L33/43 and Block L44/43, effective January 1, 2025. Founded in 1969, this Australian company focuses on hydrocarbon assets in the Asia-Pacific.
As of July 31, 2025, Horizon Oil has a market capitalization of $215 million with 1.63 billion shares outstanding. The company is publicly traded on the Australian Securities Exchange (ASX: HZN), focusing on petroleum production, development, and exploration.
Horizon Oil's ownership structure has evolved since its founding. Early investors and founders played a crucial role, with subsequent public offerings and market activity shaping its current stakeholder base. Analyzing its Horizon BCG Matrix can offer insights into its strategic positioning.
Who Founded Horizon?
The origins of Horizon Company trace back to 1969 when it was established as Bligh Oil and Minerals. While specific details regarding the initial equity distribution among its founders are not publicly documented, the company's long-standing presence in the oil and gas exploration and production sector indicates a significant evolution in its ownership structure since its inception.
Founding Year
Horizon Company was founded in 1969. Its initial name was Bligh Oil and Minerals.
Initial Focus
From its early days, the company concentrated on oil and gas exploration and production activities.
Founder Equity Details
Precise equity splits or shareholding percentages of the original founders are not available.
Ownership Evolution
As a publicly traded entity for many years, Horizon Company's ownership has likely undergone substantial changes since its establishment.
Early Investment Information
Information regarding early backers, angel investors, or friends and family stakes is not provided.
Early Agreements
Details on early agreements like vesting schedules, buy-sell clauses, or initial ownership disputes are absent.
The historical trajectory of Horizon Company, established in 1969 as Bligh Oil and Minerals, centers on its core business of oil and gas exploration and production. While the specific equity stakes of its initial founders remain undisclosed, the company's sustained operation as a publicly listed entity suggests a dynamic shift in its ownership landscape over the decades. Understanding the Target Market of Horizon is crucial for comprehending its business evolution.
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How Has Horizon’s Ownership Changed Over Time?
Horizon Oil Limited's ownership has seen notable shifts, particularly with increased institutional investment and strategic acquisitions. These events have reshaped its shareholder base and financial landscape.
| Major Shareholder | Percentage Ownership | Number of Shares | As of Date |
|---|---|---|---|
| Samuel Terry Asset Management Pty Ltd | 19.33% | 314,212,423 | August 27, 2024 |
| IMC Investments Ltd. | 15.52% | 252,240,259 | August 14, 2024 |
| Austral-Asia Energy Pty. Ltd. | 9.13% | 148,333,916 | August 14, 2024 |
| Spheria Asset Management Pty Ltd | 5.66% | 92,009,679 | May 27, 2025 |
As of July 31, 2025, Horizon Oil Limited, a publicly traded entity on the ASX (ASX:HZN), has a stock price of $0.13 and a market capitalization of $215 million, with 1.63 billion shares outstanding. The company's ownership structure is characterized by a growing presence of institutional investors, who collectively held 22,370,479 shares across 20 entities as of June 5, 2025. Beyond these major holders, mutual funds and ETFs account for 2.41% of shares, other institutional investors hold 54.00%, and public companies along with retail investors comprise the remaining 43.59%. This diverse shareholder base reflects the company's public trading status and its appeal to various investment segments.
Strategic Acquisitions Shaping Horizon's Ownership
Recent acquisitions have significantly influenced Horizon Oil's asset base and financial standing, impacting its overall corporate structure and potentially its future ownership dynamics.
- On June 11, 2024, Horizon Oil acquired a 25% interest in the Mereenie oil and gas field, boosting its 2P reserves by 6.4 million barrels of oil equivalent.
- This acquisition was financed through a new A$42.5 million senior debt facility provided by Macquarie Bank.
- On August 1, 2025, Horizon Oil and Matahio Energy Pty. Ltd. jointly acquired Exxonmobil Exploration And Production Khorat Inc. from Exxon Mobil Corporation for $50 million, with Horizon taking a 75% share of the consideration.
- This latter deal added 3.9 MMboe of net 2P reserves through interests in Thailand's Sinphuhorm and Nam Phong gas fields.
- These moves are part of a strategy to diversify production and increase reserves, which can be further explored in the Marketing Strategy of Horizon.
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Who Sits on Horizon’s Board?
As of August 4, 2025, Horizon Oil Limited's governance is overseen by a Board of Directors. This board includes key figures responsible for the company's strategic direction and operational management.
| Director Name | Role | Appointment Date |
|---|---|---|
| Mr. Richard Beament | Chief Executive Officer and Managing Director | July 1, 2022 |
| Mr. Bruce Frederick William Clement | Non-Executive Chairman | September 1, 2020 |
| Mr. Gregory John Bittar | Non-Executive Director | March 6, 2017 |
| Ms. Sandra Christine Birkensleigh | Non-Executive Director | February 2, 2016 |
| Mr. Nigel Graham Burgess | Non-Executive Director | July 1, 2021 |
| Dr. Peter Allan Goode | Non-Executive Director | September 12, 2024 |
| Ms. Catherine (Kate) Mary Costello | Non-Executive Director | June 1, 2025 |
The voting power within Horizon Oil Limited is structured around a fundamental one-share-one-vote principle for its ordinary shares. This means that each ordinary share held entitles its owner to a single vote, whether that vote is cast directly at a meeting or through a proxy. The company's Constitution serves as the governing document for these voting rights, ensuring a clear framework for shareholder participation in decision-making processes. There is no indication of any share structures that would grant disproportionate voting influence to specific shareholders.
Board Evolution and Governance
Horizon Oil Limited is undergoing a planned refresh of its Board of Directors. These changes are designed to integrate new expertise as the company shifts its focus towards becoming a domestic gas producer.
- Mr. Bruce Clement will transition to Non-Executive Chairman, succeeding Mr. Mike Harding after the 2024 AGM.
- Ms. Sandra Birkensleigh is scheduled to retire from the Board in August 2025.
- Ms. Catherine Costello's appointment is part of this strategic board renewal.
- Ms. Costello is expected to take over as Audit Committee Chair following Ms. Birkensleigh's retirement.
- These transitions align with the company's strategic pivot, reflecting a commitment to adapting its leadership for future growth. Understanding the Mission, Vision & Core Values of Horizon provides context for these leadership changes.
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What Recent Changes Have Shaped Horizon’s Ownership Landscape?
Over the past few years, Horizon Oil Limited has seen significant shifts in its ownership and strategic focus. These changes include key acquisitions and transitions in its leadership team, reflecting a move towards becoming a domestic gas producer.
| Acquisition/Event | Date | Details |
|---|---|---|
| Acquisition of interests in Thailand Block L33/43 and Block L44/43 | Effective January 1, 2025; Completed August 1, 2025 | Horizon purchased 75% of interests for $50 million, increasing production, reserves, and cash flow. |
| Acquisition of 25% non-operated interest in Mereenie oil and gas field | June 11, 2024 | Boosted 2P reserves by 6.4 million barrels of oil equivalent. |
| Chairman Retirement and Succession | Conclusion of 2024 AGM | Mike Harding retired as Chairman; Bruce Clement succeeded him. |
| Director Retirement | Planned for 2025 | Sandra Birkensleigh, non-executive director, is planning to retire. |
The company's ownership trends indicate a growing presence of institutional investors. As of June 5, 2025, 20 institutional owners collectively held 22,370,479 shares. Prominent institutional stakeholders include Samuel Terry Asset Management Pty Ltd, holding 19.33%, and IMC Investments Ltd., with 15.52%. While specific details on founder dilution are not provided, this rise in institutional ownership suggests a broadening shareholder base.
Leadership Transition
The company has experienced a change in its top leadership. Bruce Clement took over as Chairman following Mike Harding's retirement at the 2024 AGM. This transition is part of a broader board refresh aimed at aligning with the company's strategic shift.
Shareholder Landscape
Institutional ownership has seen an increase, with major funds like Samuel Terry Asset Management and IMC Investments holding substantial stakes. This trend points to a growing confidence from institutional players in the company's direction.
Strategic Acquisitions
Horizon Oil has actively expanded its asset base through strategic acquisitions. The recent purchase of interests in Thailand blocks and the Mereenie field significantly bolster its production and reserves.
Financial Performance Outlook
Financial forecasts for 2025 indicate a positive trajectory, with revenue expected to rise by 31% to US$146.1 million. Earnings per share are also predicted to increase by 38% to US$0.022, reflecting the impact of recent strategic moves and Revenue Streams & Business Model of Horizon.
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- What is Brief History of Horizon Company?
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- What is Growth Strategy and Future Prospects of Horizon Company?
- How Does Horizon Company Work?
- What is Sales and Marketing Strategy of Horizon Company?
- What are Mission Vision & Core Values of Horizon Company?
- What is Customer Demographics and Target Market of Horizon Company?
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