HORIZON OIL LIMITED / ABN 51 009 799 455 Half Year Results Presentation 2019 20 February 2019
Disclaimer Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, potential growth of Horizon Oil Limited,…
2019 Half Year Highlights Oil sales volume of 1.0 million barrels 54% higher than HY 2018, with calendar year sales volumes of 2.0 million barrels Sales revenue before hedge settlements of US70.3 million 88% higher than HY 2018, with…
Operational Results - China Production from the Groups interest in the Beibu Gulf fields increased 26% on the prior half year to 523,141 barrels of oil, with crude Gross reserves and resources at 2P 2C oil sales increasing 35% to…
Operational Results New Zealand Production from the Groups interest in the Maari/Manaia fields increased 100% on the prior half year to 278,763 barrels of oil, with crude oil sales increasing 130% to 304,487 barrels following the…
Operational Results Papua New Guinea Horizon Oil holds material interests in all four fields that will supply the proposed Western LNG project and has an 30% interest in the total gross audited resources including 64 mmbbls of…
Financial Overview (US million) HY 2019 HY 2018 (%) Sales Volume (mbbl) 1,021.2 662.1 359.1 54% Material increase in sales and production Production Volume (mbbl) 801.9 556.1 245.8 44% volumes Revenue 63.6 36.4 27.2 75% Robust and…
Key Half Year Cashflow Drivers 8
Full Year Performance 9
2019 Outlook Financial Continued strong operating cash flows supported by developed, low cost, conventional oil fields Progressive reduction in debt, forecast in excess of US30 million in CY19 Block 22/12, China Continued higher…
For more information please contact: Horizon Oil Limited T: +61 2 9332 5000 Level 6, 134 William St Michael Sheridan Chief Executive Officer F: +61 2 9332 5050 Woolloomooloo NSW 2011 E: infohorizonoil.com.au horizonoil.com.au
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