Original article by Angus Grigg, Jemima Whyte
The Australian Financial Review – Page: 1 & 2 : 11-Feb-20
Shares in Horizon Oil fell by 30 per cent on 10 November, after the publication of newspaper reports regarding a $US10.3 million ($15.4 million) payment that it made in Papua New Guinea in 2011. The payment was made to an unknown shell company, despite warnings from lawyers that the company could have links to William Duma, who was PNG’s petroleum minister at the time. The Australian Federal Police will investigate documents in which the concerns of lawyers involved in the matter are raised, while Horizon Oil will conduct an independent investigation into the issues raised in the newspaper reports.
HORIZON OIL LIMITED – ASX HZN