ANNUAL Macquarie Australia GENERAL Conference MEETING 2013 Alan Linn Chief Executive Officer 8 May 2014
COMPANY OVERVIEW ROC is an experienced operator delivering sustainable financial results and committed to deploying its capital prudently to create value growth for shareholders Sales revenue (USM) 15 years of operational…
MANAGEMENT TEAM WITH TRACK RECORD OF DELIVERY Mr Alan Linn Mr Rolf Stork Mr Anthony Mr Ron Morris Dr Pierre Eliet Ms Leanne Nolan Executive Director COO Neilson President GM Exploration, Company Secretary & CEO CEO BCP Malaysia CFO…
BOARD WITH EXCEPTIONAL OIL AND GAS CREDENTIALS Mr Mike Harding Mr Nigel Hartley Mr Christopher Hodge Mr Robert Leon Mr Graham Mulligan Chairman Appointed 1 June 2012; Appointed Appointed 1 June 2012. Appointed 7 September 2010.…
PRODUCTION & DEVELOPMENT REGIONAL FOCUS - SOUTH EAST ASIA, CHINA AND AUSTRALIA Zhao Dong, Offshore Bohai Bay, China Non-Operated Production Assets ROCs largest operated asset; in North Sea, UK (Blane and contributing 48% of 1Q14…
DEVELOP AND GROW EXPLORATION & APPRAISAL Identify and secure value adding low risk opportunities in established petroleum provinces across South East Asia, China and Australia 3D seismic acquisition completed on Block 09/05;…
COMMITMENT TO GROWTH We are focused on value growth opportunities and building the future production life for ROC shareholders within our target regions Recent Achievements 13,000km2 Block in the gas and condensate prone Moattama…
ROC/HORIZON MERGER This is a transformational and exciting transaction and something ROC has been working towards for some time. The combination of our companies will create a high calibre operating company with the capacity to…
PROPOSED ROC/HORIZON MERGER ROC and HZN recently announced a proposed merger of equals via a scheme of arrangement. All scrip merger of equals between ROC and HZN HZN shareholders to receive 0.724 ROC shares for each HZN share they…
TRANSACTION STRUCTURE RATIONALE The proposed merger has the unanimous support of both the ROC and HZN Boards No premium paid for the HZN assets ROC is the bidder and will stay as the listed entity. ROC will maintain its operating…
ROC/HORIZON MERGER RATIONALE Creating a leading Asian E&P company Highly complementary portfolios Asian focused portfolio with attractive assets across China, PNG, Malaysia, Myanmar and Australia / New Zealand Consolidates the…
INFORMING INVESTORS There has been information disclosed in the public around the transaction. When this is removed from context it can be misleading. Macquarie Equities Research has produced a thorough report on the merger and the…
HIGHLY COMPLEMENTARY PORTFOLIOS RESULTING IN FOUR CORE ASSET AREAS China (Bohai Bay) Zhao Dong C&D Fields: 24.5% Zhao Dong C4 Field: 11.667% Zhanghai and Chenghai: 39.2% Block 09/05: 100% China (Beibu Gulf) Horizon…
STRONG, WELL BALANCED GROWTH PIPELINE Exploration Appraisal Development Production Stanley Maari / Manaia PPLs 259, 430, 372, 373 D35, J4 and D21 PSC PRL 4 PMP 38160 Matariki Elevala / Ketu Beibu Gulf PEP 51313 PRL 21…
DIVERSIFIED RESOURCE BASE IN ASIA Horizon Oil (as at 30 Jun 2013) ROC (as at 1 Jan 2014) Combined 100% oil / --% gas 90% oil / 10% gas 95% oil / 5% gas 3.8 3.8 2P (mmboe) 6.0 8.4 6.0 6.6 15.0 16.0 20.9 36.9 3.4 8.7…
CONTACT For further information: Renee Jacob Group Manager Investor Relations & Corporate Affairs +61 2 8023 2000 rjacobrocoil.com.au www.rocoil.com.au SLIDE 17
APPENDICIES SLIDE 18
HSEC PERFORMANCE Continuing to work to create the safest possible workplace and environment for our teams and the communities in which we work 2 2013 LTIFR Health & Safety ROC Asset Integrity Management system integration…
CHINA ZHAO DONG OIL FIELDS Location: Offshore Bohai Bay, China C&D (+ERA) 24.5% Working Interest: Zhanghai and Chenghai Blocks 39.2% C4 Field 11.575% (unitised) Operator: ROC JV partners: PetroChina and Sinochem 4 linked…
CHINA BEIBU GULF Location: Offshore Beibu Gulf, China Working interest: 19.6% Operator: CNOOC JV partners: CNOOC, Horizon, Majuko 10 development wells from WZ 6-12 platform Development: 5 development wells from WZ 12-8 platform…
MALAYSIA BALAI CLUSTER A cluster of four discovered oil and gas fields; Balai, Location: Bentara, West Acis and Spaoh Incorporated BC Petroleum: JV ROC 48% equity Dialog 32% partners: PETRONAS Carigali 20% Pre-development phase…
AUSTRALIA CLIFF HEAD Cliff Head Oil field Location: Offshore Perth Basin, Western Australia Working Interest: 42.5% Operator: ROC JV partner: AWE Limited Unmanned platform Development: Pipeline to onshore stabilisation plant…
UK NORTH SEA OIL FIELDS Blane Enoch Working Interest: 12.5% Unitised 12% Operator: Talisman Energy Talisman Energy 1.3 MMBOE net to 0.3 MMBOE net to ROC ROC 2P Reserves: (at 1 Jan 2014 economic interest) Combined 1.6 MMBOE…
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