Feb 12 (Reuters) - Horizon Oil Ltd HZN.AX :
* MICHAEL SHERIDAN HAS BEEN SUSPENDED AS CHIEF EXECUTIVE OFFICER
* ESTABLISHED INDEPENDENT BOARD COMMITTEE TO OVERSEE AN INVESTIGATION
* CHRIS HODGE TO SERVE AS ACTING CEO DURING SHERIDAN'S SUSPENSION
* SHOULD ANY INVESTIGATION INTO MATTERS BE CONDUCTED BY AUSTRALIAN FEDERAL POLICE, CO INTENDS TO CO-OPERATE