Horizon Oil Limited · ASX:HZN
Horizon Oil — RIU Good Oil Conference 2008
21 slides from Horizon Oil's conference presentation, Sep 3, 2008
Slide 1: Presentation at Good Oil Conference ASX cover letter
For personal use only 3 September 2008 The Manager, Company Announcements Australian Stock Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 HORIZON OIL (HZN) PRESENTATION AT GOOD OIL CONFERENCE 2 – 3 SEPTEMBER 2008 Please find attached the presentation to be made by Horizon Oil’s Ch
Slide 2: RIU Good Oil Conference
HORIZON OIL LIMITED ABN 51 009 799 455 RIU Good Oil For personal use only Conference 2 – 3 September 2008 Brent Emmett Chief Executive Officer This presentation contains some references to forward looking assumptions, representations, estimates and outcomes. These are uncertain by the nature of the
Slide 3: Asset Location – Focus on SE Asia
Asset Location – Focus on SE Asia For personal use only Productive fairways, mature operating environment … …strong demand for oil and gas
Slide 4: Asset Summary
Asset Summary For personal use only Development New Zealand PMP 38160 / PEP 38413: 10% Maari field development installation complete – first production November 2008 China Block 22/12: 30% 14.7% FEED underway on Wei 6-12 and Wei 12-8 fields – first production H2 2010 Appraisal New Zealand PEP 38413:
Slide 5: Horizon Oil Statistics
Horizon Oil Statistics This month For personal use only Last $0.340 High $0.390 Low $0.285 Volume 20,702,995 12 Months Last $0.340 High $0.480 Low $0.210 Volume 177.4 million Fully paid shares 798.51 million Partly paid shares 500,000 Employee options 29.1 million No. of shareholders 4,124 Market ca
Slide 6: Reserves, Resources and Exploration Potential
Reserves, Resources and Exploration Potential Net recoverable in millions of barrels of oil equivalent For personal use only
Slide 7: Net Production Forecast
Net Production Forecast For personal use only Maari on production in Q4 2008… 20000 18000 16000 14000 B O 12000 E P 10000 D 8000 6000 4000 2000 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Maari Maari Other Zones 22/12 Wei 6-12S 22/12 Wei 12-8W 22/12 Other Discoveries Stanley condensate Stanl
Slide 8: Maari Development – New Zealand
Maari Development – New Zealand For personal use only Installation underway of a 56 mmbo oilfield… Joint Venture: HZN 10% OMV 69% (Op) Todd 16% CUE 5% …with 40 mmbo upside potential
Slide 9: Maari Development Concept
Maari Development Concept For personal use only
Slide 10: Maari Development Summary
Maari Development Summary For personal use only First oil in November 2008, building to 3,500 bopd net to HZN Overall development concept:– 5 production / 3 injection horizontal wells with wellhead platform / FPSO production facilities FID capex budget US$365 million (including contingency). Current
Slide 11: Maari Reserves and Upside Potential
Maari Reserves and Upside Potential For personal use only Zone Gross 2P reserves Net 2P reserves (mmbo) (mmbo) Maari Moki 56 6 Gross unrisked mean Net unrisked mean resource potential resource potential (mmbo) (mmbo) Maari M2A Sands 12 1 Manaia 25 3 Total 93 10
Slide 12: China 22/12 – Discoveries and Prospects
China 22/12 – Discoveries and Prospects For personal use only 60+ mmbo recoverable reserves and resources discovered... Joint Venture: HZN 30% ROC 40% (Op) Petsec 25% FAR 5% …development planning underway
Slide 13: Block 22/12 Development Planning
Block 22/12 Development Planning For personal use only Phased stand-alone development Wellhead platform and FPSO with 20,000 bopd capacity at Wei 6-12S location Unmanned minimal structures at Wei 12-8W and Wei 12-8E hub facility FEED underway; FID Q3 2008; construction 2008/09; on production H2 2010
Slide 14: Phased Development Concept
Phased Development Concept For personal use only
Slide 15: Papua New Guinea
Papua New Guinea Potential recoverable resources of 1 tcf gas and 40 mmb condensate… For personal use only …development options emerging
Slide 16: Western Province Play – Papua New Guinea
Western Province Play – Papua New Guinea For personal use only Interests significantly increased from original 7.25% holding with buyouts of Austral Pacific (US$3.5 million) and InterOil (US$6.5 million), resulting in:- • 100% interest in PRL 4 (Stanley gas / condensate discovery) • 49.65% interest
Slide 17: Gulf of Thailand – Acreage Position
Gulf of Thailand – Acreage Position For personal use only Partner and operator: Pearl Energy HZN interests: G1/48: 20% 2 wells G3/48: 20% 1 well G6/48: 20% 3 wells G10/48: 25% 5 wells G11/48: 25% 4 wells
Slide 18: Gulf of Thailand Prospects and Leads
Gulf of Thailand Prospects and Leads Inventory For personal use only Block Area HZN Unrisked recoverable oil / Exploration wells interest gas potential (sq km) (%) Gross Net 2008 2009 2010 (mmbo/bcf) (mmbo/bcf) G1/48 17,610 20 70 14 1 1 G3/48 11,800 20 40 8 1 G6/48 2,280 20 105 21 1 2 G10/48 18,780
Slide 19: Investment Highlights
Investment Highlights For personal use only Reserves and resources Strong position-: 15 mmbo 2P reserves (all oil) and resources of 25 mmbo + 500 bcf gas New Zealand Maari first oil in November 2008, building to 3,500 bopd net to HZN; generates US$10 million per month net cash flow before interest a
Slide 20: Activity Schedule
For personal use only Activity Schedule
Slide 21: For personal use only
Please visit the Horizon Oil website www.horizonoil.com.au to see:- Detailed Investor Presentation For personal use only Latest Quarterly Report Analyst reports on HZN Level 7, 134 William St, Woolloomooloo NSW 2011 Tel: +612 9332 5000 Fax: +612 9335 5050 exploration@horizonoil.com.au