Horizon has agreed with Todd to acquire the latterâs 16% in PMP 38160 (Maari + Manaia fields) for USD 17.6 MM, effective 31 Dec â17Â subject to customary conditions. Partnership in the 80-sq km Taranaki offshore block would become OMV (op) 69%, Horizon 26%, Cue 5%.  
Horizon (->26%) has agreed with Todd (->0%, OMV op. 69%, Horizon, Cue 5%) to acquire the latterâs 16% in PMP 38160 (Maari + Manaia fields) for US$17,6 MM. 