Horizon Oil Limited · ASX:HZN
Horizon Oil — FY2010 Earnings Presentation
5 slides from Horizon Oil's earnings presentation, Aug 31, 2010
Slide 1: FY 2010 Financial Results
HORIZON OIL LIMITED ABN 51 009 799 455 For personal use only FY 2010 Financial Results 31 August 2010 This presentation contains some references to forward looking assumptions, representations, estimates and outcomes. These are uncertain by the nature of the business and no assurance can be given by
Slide 2: Key Results
Key Results For personal use only Operational § Maari field, offshore New Zealand, project work and development drilling completed, with upside zones appraised; field production now being optimised with workover program. § New 3D and 2D seismic recorded over block PEP 51313, offshore New Zealand, wi
Slide 3: Profit and Loss
Profit and Loss For personal use only 12 Months to 12 Months to June 2010 June 2009 (US$million) (US$million) Production sales volume (barrels) 667,915 158,794 Sales Revenue 48.0 8.1 Gross Profit on Oil Sales 33.0 4.6 Profit from Sale of Assets 32.6 - EBITDAX 72.2 3.4 EBIT 59.9 (0.4) Profit / (Loss)
Slide 4: Cash Flow
Cash Flow For personal use only 12 Months to 12 Months to June 2010 June 2009 (US$million) (US$million) Opening Cash 10.0 19.6 Net Cash from Operating Activities (excl G&A) 38.7 7.1 General & Administrative Expenditure (5.5) (4.0) Net Proceeds from Borrowings - 24.9 Repayment of Bank Loans (23.8) (1
Slide 5: Outlook for 2010 / 2011
Outlook for 2010 / 2011 For personal use only § Optimisation of water injection and oil production at Maari field; design of development program to produce Greater Maari Area accumulations. § Processing of new seismic data over PEP 51313, offshore New Zealand, and integration with existing coverage;