Horizon Oil Limited · ASX:HZN
Horizon Oil — Investor Presentation (August 2026)
15 slides from Horizon Oil's investor presentation, August 2026
Slide 1: Horizon Oil Limited Corporate Overview August 2026
HORIZON OIL LIMITED (ASX: HZN) CORPORATE OVERVIEW AUGUST 2026 HORIZON CORPORATE OVERVIEW
Slide 2: 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 3: Horizon at a Glance
HORIZON AT A GLANCE A DIVERSIFIED, RESILIENT AND CASH-GENERATIVE FIVE-COUNTRY ASIA-PACIFIC OIL & GAS PRODUCER, DELIVERING RESERVES GROWTH, STRONG CASH GENERATION AND DISCIPLINED CAPITAL ALLOCATION Diversified Asia-Pacific portfolio Five-country Asia-Pacific footprint across Thailand, Indonesia, Aust
Slide 4: 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 5: Company Highlights
COMPANY HIGHLIGHTS PRODUCTION 2P RESERVES / 2C RESOURCES ~7,300 boepd (Aug 26) 13.6 / 19.8 MMboe Record FY26 production – 2.15mmboe +51% / +61% vs 30 June 2025 ANNUAL EBITDAX SALES REVENUE ~US$55 – 70m ~US$100 – 110m REGIONAL PLATFORM MARKET CAP (ASX) FIVE COUNTRIES ~AUD$380m (Aug 26) Diversified oi
Slide 6: Strong Cash Generation Supports Disciplined Capital Allocation & Shareholder Returns
STRONG CASH GENERATION SUPPORTS DISCIPLINED CAPITAL ALLOCATION & SHAREHOLDER RETURNS HISTORICAL EBITDAX1 AND CASH OPERATING COST PER BOE HISTORICAL NET CASH AND DISTRIBUTIONS 120 30 180 160 100 25 140 80 20 120 US$m 100 US$m 60 15 US$/boe 118.1 149.9 103.5 80 81.2 40 10 60 34.8 73 71.5 54.8 40 20 36
Slide 7: 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 8: Indicative Production Forecast to End 2035
INDICATIVE PRODUCTION FORECAST TO END 2035 THE ENLARGED PORTFOLIO CONTAINS MULTIPLE INFRASTRUCTURE-LED, APPROVAL-GATED OPPORTUNITIES TO SUPPORT PRODUCTION AND CASH FLOW OVER THE MEDIUM TERM INDICATIVE GROUP PRODUCTION FORECAST TO END 2035, BOEPD 10,000 Indicative base production Indicative future or
Slide 9: Thailand: Nam Phong and Sinphuhorm
THAILAND: NAM PHONG (NP) AND SINPHUHORM (SPH) LOW-COST, OIL-LINKED DOMESTIC GAS WITH NEAR-TERM DELIVERABILITY UPSIDE Thailand is a significant cash-flow contributor. With material 2P reserves and 2C/2U resource opportunities linked to Pad D, infill drilling, compression and potential concession exte
Slide 10: Indonesia: Mahato and Sampang
INDONESIA: MAHATO AND SAMPANG ACTIVE NEAR-TERM OIL GROWTH AT MAHATO AND DISCIPLINED EXIT STRATEGY AT SAMPANG At Mahato, long-life oil production in a proven basin with substantial growth potential, while at Sampang, domestic gas deliveries into the fast-growing Indonesian market MAHATO PSC KEY ASSET
Slide 11: Australia Amadeus Basin: Mereenie, Palm Valley & Dingo
AUSTRALIA AMADEUS BASIN: MEREENIE, PALM VALLEY & DINGO DOMESTIC GAS PLATFORM WITH ESTABLISHED INFRASTRUCTURE, MATERIAL RESOURCE BASE AND NEAR-TERM DRILLING CATALYSTS Long-life production underpinned by long-term sales with material future expansion opportunities KEY ASSET HIGHLIGHTS STRATEGIC DOMEST
Slide 12: Maari Oil Project
MAARI OIL PROJECT ESTABLISHED OFFSHORE OIL CASH FLOW WITH FUTURE INFILL OPTIONALITY Maari remains a mature offshore oil contributor, with near-term workover focus sustaining production and future infill and life-extension optionality KEY ASSET HIGHLIGHTS ASSET OVERVIEW HORIZON INTEREST ESTABLISHED O
Slide 13: Block 22/12 Oil Project: Beibu Gulf, China
BLOCK 22/12 OIL PROJECT: BEIBU GULF, CHINA RELIABLE OFFSHORE OIL PRODUCTION WITH OPTIMISATION AND 12-8E UPSIDE Block 22/12 continues to provide material production and cashflow, aided by its low cash operating cost. KEY ASSET HIGHLIGHTS Export to Weizhou WZ6-12 North ASSET OVERVIEW Terminal WZ6-12 M
Slide 14: 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 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 CORPORATE OVERVIEW