Horizon Oil Limited ABN 51 009 799 455 Annual General Meeting 21 November 2013 This presentation contains some references to forward looking assumptions, representations, estimates and outcomes. These are uncertain by the…
Horizon Oil Limited ABN 51 009 799 455 Chairman Chairmans s Address Annual General Meeting 21 November 2013 This presentation contains some references to forward looking assumptions, representations, estimates and outcomes.…
Horizon Oil Limited ABN 51 009 799 455 Annual General Meeting 21 November 2013 This presentation contains some references to forward looking assumptions, representations, estimates and outcomes. These are uncertain by the…
Horizon Oil Limited ABN 51 009 799 455 2013 In Review Priorities for 2014 Brent Emmett Chief Executive Officer 21 November 2013 This presentation contains some references to forward looking assumptions, representations,…
Geographic Focus and Asset Location Focus still on southeast Asia/Australasia, Asia/Australasia but but new exploration block in China and expanded acreage position in PNG 5
Forecast Net Production From Reserves + Contingent Resources as at 30 April 2013, Post Osaka Gas Transaction and Tingu Tingu--1 25,000 20,000 oil equivalent perr day 15,000 Barrels of o 10,000 5 000 5,000…
New Zealand 2013 in review FPSO Raroa purchased in March Maari/Manaia fields shut-in July December for refurbishment of facilities x Repairs to Raroa mooring and swivel and FPSO upgrade completed, vessel back on station Planning…
Maari /Manaia Fields New Zealand PMP 38160: Reserves at 1/05/13 (mmbo) HZN 10% (RISC estimate) OMV 69% (Op) Produced 22 Todd 21% Remaining developed 52 CUE 5% Remaining undeveloped 34 8
Maari /Manaia Upside Potential Two wells to be drilled in 2013/14 (Manaia-2 and Maari Deep) to address new reserves - unrisked potential of 20 - 25 mmbo 9
Maari/Manaia Growth Projects Objective to reconfigure water injection scheme, access undeveloped reserves and optimise production 10
PEP 51313 New Zealand D Deep prospectt and d llead d inventory i t with ith 163 mmbo b exploration l ti potential t ti l PEP 51313: HZN 21% ((10% Whio)) OMV 30% (Op) Todd 35% CUE 14% Whio-1 to be drilled in Q1 2014…
China 2013 in review Pre-development exploration drilling on WZ 6-12 resulted in reserves upgrade of 18% Beibu Gulf 15 well/3 platform development completed on time and under budget Current p production 15,000+ , bopd p…
Beibu Gulf Fields, China Development Areas Block 22/12 Post-CNOOC Back-in: HZN 26.95% CNOOC 51.00% (Op) ROC 19.60% Majuko Corp 2.45% Gross reserves 1P 2P 3P (mmbo) As at 31/12/2011 18.5 24.0 29.4 Additi Additions 44 4.4 43 4.3…
Beibu Gulf Fields Phased Development Scheme 14
Beibu Gulf Fields Development Construction Progress PUQB jacket lift by heavy lift vessel Lanjiang (L) WZ 12-8W platform (R) COSL HYSY 931 jack-up rig drilling over WZ 6 6-12 12 platform (L) PUQB modules being…
WZ 12 12--8E Early Production Concept Phase II WZ 121PUQB Leased L d mobile bil production d i platform l f NOED Mobile Flexible pipeline Production Platform Production Platform Initially up to three production wells Run…
Block 09/05, Bohai Bay, China 40% Farm Farm--in Seismic Option Prolific hydrocarbon province 1 billion barrels of oil-in-place within block, block prospect sizes 40-80 mmbo Access to infrastructure Experienced operator…
Papua New Guinea 2013 in review PNG acreage position expanded to 7,900 sq km gross 40% slice of Horizon Oils PNG position sold to Osaka Gas for US204m in 2 milestone payments, plus production kicker:- potential profit of US153m,…
Papua New Guinea Horizon Oil acreage position expanded to 7,900 sq km, primarily in wet gas sweet spot 19
Horizon Oil Acreage and Joint Venture Partners PRL 4: HZN 30% (Op) Osaka Gas 20% Talisman 40% Mitsubishi 10% PRL 21: HZN 27% (Op) Osaka Gas 18% Talisman 32.5% Kina 15% Mitsubishi 7.5% PPL 259: HZN 15% Osaka Gas 10% Eaglewood 65% P3GE…
Stanley Project Concept - PRL 4 Facilities 2 train, 140 mmscfd gas refrigeration plant Mercury Merc r removal remo al via ia adsorption catalyst catal st beds Gas sales at plant fence, addition gas recycled to enhance liquids…
Tingu--1 Result - PRL 21 Tingu Discovered gas/condensate column in primary Elevala sandstone objective, with same gas-water-contact as Elevala field Tested gas at 45 50 mmcfd and 50 60 barrels of condensate per mmcf gas Possible…
PRL 21 (Elevala (Elevala,, Ketu and Tingu Tingu)) Development Concept 23
PNG Gas Resources Build 4,500 Target minimum resource for mid-scale LNG project 4,000 , 3,500 oximate) 3 000 3,000 s (Bcf - appro 2,500 1,000 1,400 Gas Resources 2 000 2,000 100 1,500 600 1,000 1 300…
PNG Gas Commercialisation Options S l to Sales t regional i l buyers b for f power generation ti Ok Tedi Mining Limited (OTML) and Frieda River project (when sanctioned) Local towns and communities in Kiunga OK Menga Frieda River…
Priorities for 2014 News Flow New Zealand Execution of Maari growth projects program and run-up in production Whio-1 Whio 1 exploration well in PEP 51313 China Submission S b i i off Beibu B ib Gulf G lf Phase Ph II (WZ 12…
Please visit the Horizon Oil website www.Horizonoil.com.au to see:- see:- Detailed Investor Presentation Latest Quarterly Report Analyst reports on HZN Level 7, 134 William St, The reserve and resource information contained in…
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