Horizon Oil Limited · ASX:HZN
Horizon Oil — Pareto Securities 33rd Annual Energy Conference 2026
18 slides from Horizon Oil's conference presentation, Sep 16, 2026
Slide 1: Horizon – Pareto Securities Presentation (ASX announcement)
16 September 2026 The Manager Company Announcements ASX Limited Level 27, 39 Martin Place Sydney NSW 2000 HORIZON – PARETO SECURITIES PRESENTATION Please find attached Horizon’s presentation to the Pareto Securities 33rd Annual Energy Conference held at Scandic Holmenkollen Park in Oslo, 17 Septembe
Slide 2: Pareto Securities 33rd Annual Conference
PARETO SECURITIES 33rd Annual Conference (ASX:HZN) 16-17 September 2026 PARETO SECURITIES SEP 2026
Slide 3: Compliance Statement
COMPLIANCE STATEMENT ● This presentation contains forward-looking statements regarding future events, including future production, reserves and resources, costs, revenues, commodity prices, cash flows, dividends, returns, development activities and growth opportunities. Forward-looking statements ar
Slide 4: Horizon at a Glance
HORIZON AT A GLANCE DIVERSIFIED ASIA-PACIFIC OIL & GAS PRODUCER DELIVERING RESILIENT CASH FLOW, RESERVES GROWTH AND DISCIPLINED CAPITAL ALLOCATION Capital Diversified Low-cost, reliable Lean, disciplined Long-term growth, management Asia-Pacific production management model asset longevity & & shareh
Slide 5: Diversified Asia-Pacific Producing Portfolio
DIVERSIFIED ASIA-PACIFIC PRODUCING PORTFOLIO 2P reserves China, Beibu Gulf 13.6 MMBOE Block 22/12 oil project HZN 26.95% working interest Onshore Thailand Sinphuhorm gas field 2C resources HZN 7.5% effective interest Nam Phong gas field HZN 60% effective interest Indonesia 19.8 MMBOE Mahato PSC (ons
Slide 6: FY2026 Investment Highlights
FY2026 INVESTMENT HIGHLIGHTS RECORD PRODUCTION, STRONG CASH GENERATION AND AN ENLARGED ASIA-PACIFIC PRODUCTION PLATFORM TOTAL SHAREHOLDER TOTAL FY26 DIVIDENDS PRODUCTION RETURN 18% AUD2.5cps 2.15MMboe Including FY26 distributions 1.5 cps interim plus 1.0 cps final Record FY26 net production CASH REV
Slide 7: Delivering on Strategy
DELIVERING ON STRATEGY PORTFOLIO EXPANSION AND DISCIPLINED CAPITAL ALLOCATION STRENGTHENED HORIZON’S PLATFORM FOR SUSTAINABLE GROWTH AND SHAREHOLDER RETURNS MAXIMISE CASH FLOW REINVEST FOR GROWTH RETURN CAPITAL ● Record production of 2.15 MMboe and ● Integrated the Thailand assets, adding a ● FY26 t
Slide 8: Delivering Shareholder Returns
DELIVERING SHAREHOLDER RETURNS STRONG CASH GENERATION SUPPORTS ATTRACTIVE DISTRIBUTIONS WHILE HORIZON CONTINUES TO INVEST IN PORTFOLIO GROWTH 18% AUD2.5cps FY26 TOTAL FY26 DIVIDENDS DECLARED SHAREHOLDER RETURN Including FY26 distributions 1.5 cps interim plus 1.0 cps final FY 21 Closing Price (A$) 0
Slide 9: Strong Cash Generation Supports Disciplined Capital Allocation & Shareholder Returns
STRONG CASH GENERATION SUPPORTS DISCIPLINED CAPITAL ALLOCATION & SHAREHOLDER RETURNS FREE CASH FLOW1 HISTORICAL NET CASH/(NET DEBT) AND DISTRIBUTIONS 100 200 80 160 60 120 40 183.0 US$m 149.9 US$m 72.0 64.2 80 118.1 56.9 81.2 20 35.9 47.2 34.8 40 0 (10.4) (9.7) (15.0) (10.6) 42.8 35.7 26.2 13.7 (20)
Slide 10: Thailand: Sinphuhorm & Nam Phong Gas Fields
THAILAND: SINPHUHORM & NAM PHONG GAS FIELDS LOW-COST, OIL-LINKED DOMESTIC GAS WITH NEAR-TERM PRODUCTION ADDITIONS AND SIGNIFICANT GROWTH POTENTIAL Nam Phong Sinphuhorm September ‘26 Booster PH-14 / 01ST1 production Compressor Pad D first gas delivered achieved 84% NP ~50 days ahead of ~2,500 boe/d n
Slide 11: Australia: Mereenie, Palm Valley & Dingo Gas Fields
AUSTRALIA: MEREENIE, PALM VALLEY & DINGO GAS FIELDS DOMESTIC GAS PLATFORM WITH ESTABLISHED INFRASTRUCTURE, MATERIAL RESOURCE BASE & NEAR-TERM DRILLING CATALYSTS Significant Drilling Strong gas resource base demand 2P 6.7 MMboe PV14/15 underway Long term gas 2C 9.3 MMboe WM31/32 in ‘27 contracts acro
Slide 12: Indonesia: Mahato Oil & Sampang Gas PSCs
INDONESIA: MAHATO OIL & SAMPANG GAS PSC’S ACTIVE NEAR-TERM OIL GROWTH AT MAHATO AND FIELD OPTIMISATION AT SAMPANG MAHATO NEAR-TERM OIL GROWTH New development wells underway MAHATO EXPLORATION POTENTIAL High impact exploration well Q4 ‘26 MAHATO PHASE 3 DEVELOPMENT PLAN Undeveloped Telsia reservoir f
Slide 13: New Zealand: Maari Oil Project
NEW ZEALAND: MAARI OIL PROJECT RELIABLE OFFSHORE OIL CASH FLOW WITH INFILL OPTIONALITY ESTABLISHED OIL CASH RESERVOIR & ASSET REGULATOR / OPERATOR INFILL MATURATION FLOW MANAGEMENT FOCUS ENGAGEMENT Core offshore oil asset Water injection helps Strong regulatory JV continues studies to supporting reg
Slide 14: China: Block 22/12 Oil Project
CHINA: BLOCK 22/12 OIL PROJECT MAXIMISING VALUE FROM A PROVEN ASSET ESTABLISHED OFFSHORE OIL BASE ● Material contributor to production & cash flow ● Established relations with CNOOC in Block 22/12 spanning over 25 years covering exploration, development and production OPTIMISATION-LED PERFORMANCE ●
Slide 15: Acquisitions Have Built a Stronger Production Platform
ACQUISITIONS HAVE BUILT A STRONGER PRODUCTION PLATFORM THE PORTFOLIO HAS GROWN THROUGH ASSET ACQUISITIONS, WITH THE ADDITION OF MEREENIE, THAILAND AND CUE SUPPORTING BASE PRODUCTION AND FUTURE ORGANIC GROWTH POTENTIAL TO 2035 AND BEYOND HISTORICAL PRODUCTION AND INDICATIVE FORECAST TO END 2035, BOEP
Slide 16: Near Term Value Runway
NEAR TERM VALUE RUNWAY 2026 2027 2028 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Nam Phong booster compression First Gas THAILAND, Sinphuhorm Pad D (PH-1ST & PH14) NAM PHONG & tie-in and deliverability First Gas enhancement SINPHUHORM Sinphuhorm 2027 drilling program long leads procured First Gas three infill wells
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS A DIVERSIFIED, RESILIENT AND CASH-GENERATIVE FIVE-COUNTRY ASIA-PACIFIC OIL & GAS PRODUCER, DELIVERING RESERVES GROWTH, STRONG CASH GENERATION AND DISCIPLINED CAPITAL ALLOCATION ● 9 Production assets across five countries representing a highly diversified portfolio Material Asia
Slide 18: Contacts
Richard Beament CEO +61 2 9332 5000 CONTACTS info@horizonoil.com.au Horizon Oil Limited Level 4, 360 Kent Street Sydney NSW 2000 Australia horizonoil.com.au PARETO SECURITIES SEP 2026
Horizon Oil — Pareto Securities 33rd Annual Energy Conference 2026 on 6ix