Horizon Oil Limited · ASX:HZN
Horizon Oil — Investor Presentation (November 2003)
35 slides from Horizon Oil's investor presentation, Nov 5, 2003
Slide 1: Investor Presentation cover letter to ASX
Horizon Gil Mid. ABN 51 009 799 455 PO Box 1526, Darlinghurst NSW Australia. {300 Level 10, Suite |, 100 William Street, Sydney NSW Australia 201 | Yet +61 2 9332 5000. Fax +61 2 9332 5050 www.horizonail.comau 5 November 2003 The Manager, Company Announcements Australian Stock Exchange Limited Excha
Slide 2: Investor Presentation
Investor Presentation November 2005
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Slide 4: Investor Presentation November 2003
Investor Presentation November 2003
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Slide 7: Oil Price History
5 Yr Oil Price History 40 35 30 25 20 15 10 SP oe = Ro SK S 30 29 28 27 26 a 25 PPS PF SG SF SF HG GS LG SH SS HF LG FS PO PH © é oF SF S s ‘ FE PH eH eK eh MH pF WF oo EF WF Wp? gE wee Investor Presentation November 2003
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Slide 12: Horizon Oil Portfolio
Horizon Gil Portfolio Risk/Reward Profile Table of Interests Maari, PEP 38413 NZ — 10% Block 22/12, China — 30% Kapul, PPL 227, PNG — 20% ues in $ millions) G oe ~ = Oo D 2h Os =e oo as Se L 3 D> Pra HZN|Market Cap | High Moderate Technical Risk A, Band C are new business opportuniti (As measured |
Slide 13: PEP 38413 3D seismic survey area
ie! lll Was Rd eA Mace a : EP 3841S {10.00%} y Batic 3D Seismic survey area Kea-7 co PEP 38413 432 kin? Investor Presentation November 2003
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Slide 15: Maari Fields: Development Concept Options
Maari Fields: Development Concept Options Investor Presentation November 2003
Slide 16: 3D Seismic survey area map
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Slide 18: Nt cca
Nt cca nN AN nn HAA a nn A hi aii a
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Slide 21: PEP38413 and Block 22/12 Medium Case, Horizon Interest
PEP38413 Medium Case, Horizon Interest NPV ASm @ 11% Nominal Reserves P80-P10 el Oil price low-high Ce ee! a a = Disc Rate 15% -8% Capex+/- 30% Opex+/- 30% Exchange Rate 0.7-0.6 USS/AS = 20 20 40 Base NPV11 = A$35.3m Block 22/12 Medium Case, Horizon Interest NPV A$m @ 11% Nominal rosorves P0010 a Oi
Slide 22: Maari B22/12 RISC report
© Maari B22/12 a a } 2 to 2 -_ o =] xo) © ou oO RISC report July 2003 Investor Presentation November 2003
Slide 23: RISC report July 2003
RISC report July 2003 ES) Maari 2 22/12 — Cumulative Investor Presentation November 2003
Slide 24: 3D Seismic survey area map
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Slide 25: Wei 12-6-1 and Wei 12-2-1 discovery
: Wei 12-6+1 wr. Wei 12-2-1 Wei 12-7 Prospect = Qi] Accumulation Wei 12-2-1 Eocene Liushagang Oil Discovery Flowed 2059 bopd 36° API Oil 28 Riis iemaese J ilei N ao Wei 12-7 Prospect GeoSeismic Display Investor Presentation November 2003
Slide 26: Beibu Gulf Block 22/12 - 12-7 Area
See BEIBU GULF BLOCK 22/12 - 12-7 AREA Depth Structure Map - T30 (mid Oligocene) RMS Amplitude toTop Weizhou Underlay Investor Presentation November 2003
Slide 27: PPL licence map
| PPL 228 (10.0096) Me. AL 4 (7.25%) Lar Hey ESF Hevizne 08 perro Sok Boaw+? owes Kukui oil pipeline mg OO. kr Investor Presentation November 2003
Slide 28: Kutubu complex area
SE MANAI AY KUTUBU COMPLEX) PPEeOG BOSAVI Investor Presentation November 2003
Slide 29: tare
tare —— Piear too €FE SB Carly Waedge mmm Carly
Slide 30: Structure, reservoir, seal, migration
a a PTH) Structure 4 Reservoir Seal Migration |cos | lagify Mean Recoverable { Toro Mean Recoverable Winimeeseac a eereenestet Investor Presentation November 2003
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Slide 32: Kazakhstan
KAZAKHSTAN _ Jiuquan _ Nanyang Pacific Ocean Investor Presentation November 2003
Slide 33: Drilling and development schedule
1G | task Name Duration 72004 2O08. 206. 1 | Drilling 2 | Ghina- Block 22/12 3 12:7 (Exploration + 128-3 (Appr a] Conligesit Appraisal x2 6 | PNG-PPLZF 3 | Development 10 | Block 2212 "1 Concept Piatining 157 das. 2] FEED ~ 11d dies a a fio days | @ 12% } 14 ‘Project Execution [ | u O10 18 wv | ————
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Slide 35: Rights issue timetable
Event Date Lodgement of Prospectus with ASIC and announcement of 22 October 2003 Rights Issue Notice sent to security holders containing information 24 October 2003 required by Appendix 3B Shares quoted ex-Rights and Rights trading commences on 27 October 2003 the ASX Record Date to determine entitl