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Acquisition Bolsters Horizon Oil's Thai Gas Assets

Horizon Oil Limited (ASX: HZN) has executed an agreement to acquire a 7.5% working interest in the Sinphuhorm conventional gas and condensate field, as well as a 60% interest in the Nam Phong conventional gas field, both located onshore Thailand. The $30 million acquisition, funded primarily through debt, will provide Horizon with 3.9 million barrels of oil equivalent in proven and probable reserves.

The new assets are expected to generate positive cash flow from stable, predictable gas production of approximately 2,000 barrels of oil equivalent per day net to Horizon. This will complement and diversify the company's existing production base, while also establishing a low-cost platform for growth in Thailand and Southeast Asia.

Horizon's Managing Director commented, "This acquisition meaningfully increases our net operating cash flow over the next five years and provides a substantial production base beyond the end of the decade. The assets offer potential for value enhancement through life extension, infill drilling, and other optimizations."

Beamtree Secures Strategic Autonomous Coding Contracts

Beamtree Holdings Ltd (ASX: BMT), a leading provider of AI decision support and data insights solutions for healthcare, has announced the signing of three new contracts for its autonomous coding product. The contracts, with healthcare providers in Australia, the UK, and Canada, have a combined annual value of approximately $0.6 million.

Beamtree's autonomous coding software reduces hospital costs, improves revenue accuracy, and ensures fair reimbursement by automating the clinical coding process. These contract wins demonstrate the growing demand for Beamtree's breakthrough AI technology in key geographical markets.

"Autonomous coding will be a material driver of Beamtree's future growth, and these contract wins provide a foundation for this pioneering product," said the company's CEO.

Close the Loop Receives IMMEX Approval for Mexicali Plant

Close the Loop Limited (ASX: CLG), the circular economy industry leader, has received approval from the Manufacturing, Maquiladora, and Export Services Industry Program in Mexico (IMMEX) to begin processing product at its Mexicali Plant near the US-Mexico border.

The Mexicali Plant has been operationally ready for several months, and with the IMMEX approval now in place, the company will start processing inventory from April 2025, ramping up production volumes in the fourth quarter of the fiscal year. This opening of the Mexicali facility is an important step in Close the Loop's expansion in the IT asset disposition (ITAD) sector, helping to support the company's OEM partners with certified refurbished product and services.

HITIQ Shifts Focus to Consumer Market with VAFA Partnership

HITIQ Limited (ASX: HIQ) is shifting its strategic focus to the consumer market, targeting amateur and community-level athletes, with a three-year partnership with the Victorian Amateur Football Association (VAFA) as a key launchpad.

As part of the partnership, HITIQ's PROTEQT system, which monitors head impacts in real-time and guides players through concussion assessments, will be made available to VAFA clubs. This shift to the consumer market is a natural strategic step for the company, running in parallel with its established work in professional sports.

"With the VAFA partnership as a springboard, this strategic shift sets HITIQ on a clear course for profitability," said the company's CEO.