Horizon Oil Limited · ASX:HZN
Horizon Oil — FY2011 Earnings Presentation
5 slides from Horizon Oil's earnings presentation, Aug 25, 2011
Slide 1: FY 2011 Financial Results
HORIZON OIL LIMITED ABN 51 009 799 455 For personal use only FY 2011 Financial Results 25 August 2011 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 Operational For personal use only § Stanley-2 and Stanley-4 appraisal wells in PRL 4, Papua New Guinea drilled with favourable preliminary results; development planning underway; legal proceedings over PRL 5 settled with new licence issued, designated PRL 21. § Overall Development Plan f
Slide 3: Profit and Loss
Profit and Loss For personal use only 12 Months to 12 Months to June 2011 June 2010 (US$million) (US$million) Sales Revenue 59.4 48.0 Gross Profit on Oil Sales 39.7 33.0 Profit from Sale of Assets 22.0 32.6 EBITDAX 62.2 72.2 EBIT 51.3 59.9 Profit before Tax 48.5 56.7 Net Profit / (Loss) after Tax 34
Slide 4: Cash Flow
Cash Flow For personal use only 12 Months to 12 Months to June 2011 June 2010 (US$million) (US$million) Opening Cash 26.5 10.0 Net Cash from Operating Activities (excl G&A) 48.9 38.7 General & Administrative Expenditure (7.2) (5.5) Net Proceeds from Convertible Bond Issuance 77.6 - Repayment of Bank
Slide 5: Outlook for 2011/2012
Outlook for 2011/2012 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; se