Horizon Oil Limited ABN 51 009 799 455 Investor Presentation May 2014 This presentation contains some references to forward looking assumptions, representations, estimates and outcomes. These are uncertain by the nature of the…
Horizon Oil Snapshot Market capitalisation of A494m at A0.38 per share on 30 April 2014 (1,301.2m shares) Current net production: Maari/Manaia 900 bopd priced at Brent plus US5-6 (prior to shut-in for facility upgrade) Beibu Gulf…
Shareholder Distribution and Trading Statistics SHARE PRICE HISTORY TRADING STATISTICS 3
Geographic Focus and Asset Location Focus remains on southeast Asia/Australasia, with new exploration block in China and expanded acreage position in PNG 4
Investment Proposition Focused southeast Asian/Australasian E&P specialist Strong, long-lived cashflows from Maari/Manaia fields, offshore New Zealand, re-invested to fund future capital program. Low risk, new reserves appraisal…
Net Reserves1, Contingent Resources1 and Prospective Resources1 as at 30 April 2013, Post Osaka Gas Transaction RESERVES CONTINGENT RESOURCES PROSPECTIVE RESOURCES Proven + Probable Proven + Probable Best Estimate Block 22/12 PMP…
Forecast Net Production From Reserves + Contingent Resources as at 30 April 2013, Post Osaka Gas Transaction and Tingu-1 25,000 20,000 Barrels of oil equivalent per day 15,000 10,000 5,000 0 2013…
Significant Recent Achievements Beibu Gulf fields on stream and Phase I development nearing completion Pre-development exploration drilling on WZ 6-12 fields resulted in reserves upgrade of 18% 10 well development drilling program…
Upcoming News Flow and Share Price Catalysts Timeframe Improved production performance from Maari/Manaia fields and progress on Q3 2013 - 2014 appraisal drilling and field upgrade Ramp up to peak oil production of Beibu Gulf…
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 10
Maari/Manaia Key Points Wellhead platform / FPSO development in 100 m water depth Maari Moki zone developed with 5 producer wells and 3 water injectors field developed on basis of 60 mmbo recoverable reserves; successful…
Maari Field Development Assets 12
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 13
Maari/Manaia Growth Projects Objective to reconfigure water injection scheme, access undeveloped reserves and optimise production 14
PEP 51313 New Zealand Deep prospect and lead inventory with 163 mmbo exploration potential PEP 51313: HZN 21% (10% Whio) OMV 30% (Op) Todd 35% CUE 14% Whio-1 to be drilled in Q1 2014 with mean potential of 27 mmbo (operator…
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 Additions 4.4 4.3 7.4 As at…
Beibu Gulf Fields Key Points 2 phase development in 40 - 60 m water depth utilising CNOOC platform facilities, export pipeline and terminal on Weizhou Island Phase 1 platforms WZ 6-12 and WZ 12-8W connected by pipeline to PUQB…
Beibu Gulf Fields Phased Development Scheme 18
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 6-12 platform (L) PUQB modules being lifted…
WZ 12-8E Early Production Concept Phase II WZ 121PUQB Leased mobile production platform NOED Mobile Flexible pipeline Production Platform Initially up to three production wells Run extended DST or pilot production Drill more…
Block 09/05, Bohai Bay, China 40% Farm-in Seismic Option Prolific hydrocarbon province 1 billion barrels of oil-in-place within block, prospect sizes 40-80 mmbo Access to infrastructure Experienced operator in Roc Oil,…
Papua New Guinea Horizon Oil acreage position expanded to 7,900 sq km, primarily in wet gas sweet spot 22
PNG Exploration and Development Program Key Points Commanding 7,900 sq km acreage position in liquids-rich sweet spot of foreland area with certified condensate and gas resources of 125 mmboe net, subject to reduction when…
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 35% Osaka Gas 10% Eaglewood 45% P3GE…
Stanley Project Concept Facilities 2 train, 140 mmscfd gas refrigeration plant Mercury removal via adsorption catalyst beds Gas sales at plant fence, addition gas recycled to enhance liquids recovery 6 inch, 40 km pipeline to…
Stanley Production Facility Site 26
Kiunga Base and Condensate Loadout Facility 27
Tingu-1 Result - PRL 21 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 gas…
PRL 21 (Elevala/Tingu and Ketu) Development Concept 29
PNG Gas Commercialisation Options Sales to regional buyers for power generation Ok Tedi Mining Limited (OTML) and Frieda River project (when sanctioned) Local towns and communities in Kiunga OK Menga Frieda River corridor Export to…
Upcoming News Flow and Share Price Catalysts Timeframe Improved production performance from Maari/Manaia fields and progress on Q3 2013 - 2014 appraisal drilling and field upgrade Ramp up to peak oil production of Beibu Gulf…
Please visit the Horizon Oil website www.Horizonoil.com.au to see:- Detailed Investor Presentation Latest Quarterly Report Analyst reports on HZN Level 7, 134 William St, The reserve and resource information contained in this…
Loading...
