Horizon Oil Limited · ASX:HZN
Horizon Oil — RIU Good Oil & Gas Energy Conference 2025
15 slides from Horizon Oil's conference presentation, Sep 10, 2025
Slide 1: RIU – Good Oil & Gas Energy Conference Presentation
Level 4, 360 Kent Street P +61 2 9332 5000 Sydney NSW 2000 F +61 2 9332 5050 Australia horizonoil.com.au 10 September 2025 The Manager Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 HORIZON OIL LIMITED RIU – GOOD OIL & GAS ENERGY CONFERENCE PRESENTATION Attached p
Slide 2: RIU Good Oil & Gas Energy Conference
HORIZON OIL RIU GOOD OIL & GAS ENERGY CONFERENCE SEPTEMBER 2025 HORIZON - RIU GOOD OIL & GAS CONFERENCE 2025
Slide 3: Compliance Statement
COMPLIANCE STATEMENT ● 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, industry growth or other trend projections and any
Slide 4: Specialist Southeast Asia/Australasia Non-Operator Oil & Gas Producer
SPECIALIST SOUTHEAST ASIA/AUSTRALASIA NON-OPERATOR OIL & GAS PRODUCER China, Beibu Gulf Block 22/12 oil project 26.95% non-operated Onshore Thailand Sinphuhorm gas project 7.5% non-operated Nam Phong gas project 60% non-operated Australia, New Zealand, Northern Territory Taranaki Basin Mereenie oil
Slide 5: Delivering on Strategy
DELIVERING ON STRATEGY 5TH CONSECUTIVE YEAR OF DISTRIBUTIONS TOTALLING AUD 15.5 CENTS PER SHARE MAXIMISE DISTRIBUTIONS TO CONTINUE INVESTING FREE CASHFLOW SHAREHOLDERS IN PRODUCTION GROWTH ● FY25 EBITDAX US$54.8M; cash US$39.8M ● 5th straight year of distributions ● Block 22/12: 5-well workover/infi
Slide 6: Horizon Snapshot
HORIZON SNAPSHOT 2% HZN vs Brent Oil vs Energy Index Aug-21 Oct-25 16% D D D D D D D D 25% $0.35 18 MAXIMISE FREE CASHFLOW1 16 $0.30 ASX: HZN 14 $0.25 9% OTCQB: HZNFF 12 Volume 10^6 Shares on issue: 1.6 billion $0.20 10 Market Cap. A$340 million $0.15 8 @ 21 cents $0.10 6 4 19% $0.05 2 $- - 30% Sep-
Slide 7: Company Highlights FY25
COMPANY HIGHLIGHTS FY25 CASHFLOW FROM TOTAL FY25 DIVIDENDS OPERATING ACTIVITES US$35.9m AUD3.0 cps 1 Final Dividend declared AUD 1.5cps CASH SALES REVENUE & VOLUMES US$39.8m US$105.3m (Net cash US$13.7m) 1,617,218boe 2P RESERVES EBITDAX ~12.5MMboe 2 US$54.8m 1 Comprising interim dividend of AUD 1.5
Slide 8: Foundation Assets – Maari & Block 22/12
FOUNDATION ASSETS – MAARI & BLOCK 22/12 SOLID, COST-EFFECTIVE PRODUCTION BASE TO 2028 AND BEYOND MAARI BLOCK 22/12 PRODUCTION GROWTH, STRONG CASHFLOW, AND TEN-YEAR PERMIT STRONG OPERATIONAL DELIVERY WITH SUCCESSFUL DRILLING & EXTENSION AWARD WORKOVERS, SOLID PRODUCTION PERFORMANCE ● OMV (69% - Op),
Slide 9: Recent Additions – Mereenie & SPH/NP (Thailand)
RECENT ADDITIONS – MEREENIE & SPH/NP (THAILAND) GAS ASSETS WITH RUNNING ROOM, PRODUCE TO END 2030 AND BEYOND MEERENIE SINPHUHORM (SPH) & NAM PHONG (NP) PRODUCTION GROWTH, LONG-TERM SALES SECURED, ADVANCES RESILIENT, LOW-COST, LONG-LIFE FIELDS WITH SECURE MARKET FUTURE EXPANSION WITH STRONG NT GOVERN
Slide 10: Recent Additions – Mereenie
RECENT ADDITIONS – MEREENIE RECENT DRILLING SUCCESS AND STRONG FUNDAMENTALS PROVIDING ENCOURAGEMENT TO DO MORE Pacoota Gas Opportunities ● Momentum building: Recent WM29 and WM30 wells continuing to deliver sustained production rates - confirming reservoir potential and validating drilling strategy.
Slide 11: Recent Additions – Thailand
RECENT ADDITIONS – THAILAND SE ASIAN ENTRY THROUGH THE ACQUISITION OF HIGH VALUE GAS ASSETS SINPHUHORM NAM PHONG ● Discovered 1983, production from 2006; ● Discovered 1981, production from 1990; Permian Pha Nok Khao anticline. Permian Pha Nok Khao anticline. ● 11 wells from 3 pads; PH-14 tie-in plan
Slide 12: Production Forecast to End 2030
PRODUCTION FORECAST TO END 2030 FORECAST CONTINUED STABLE PRODUCTION FROM FIVE ASSETS, WITH RUNNING ROOM TO END 2030 AND BEYOND GROUP PRODUCTION FORECAST TO END 2030, BOEPD 8,000 Block 22/12 Maari 7,000 Mereenie Thailand (Sinphuhorm & Nam Phong) 6,000 Other indicative future activities Rate (boepd)
Slide 13: Plan for the Next 12 Months
PLAN FOR THE NEXT 12 MONTHS 2025 2026 Q3 Q4 Q1 Q2 Q3 Scheduled online around Water-handling capacity upgrade calendar year end CHINA, BLOCK 22/12 2025/26 drilling & workover Scope, start date & duration program1 subject to JV approval NEW ZEALAND, Application lodged in Sep Maari licence extension pr
Slide 14: Investment Highlights
INVESTMENT HIGHLIGHTS ● 26% Maari Project, New Zealand; 60% Nam Phong & 7.5% Sinphuhorm, Thailand. Material positions in excellent ● Current Horizon net production rate of ~6,500 boepd producing assets ● Long-life, low-cost reserves with stable demand outlook ● Lean, focused management team with str
Slide 15: 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 HORIZON - RIU GOOD OIL & GAS CONFERENCE 2025
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