Slide 1: Horizon – Annual General Meeting 2025
19 November 2025 The Manager Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 HORIZON – ANNUAL GENERAL MEETING 2025 Attached are copies of the following documents related to the Annual General Meeting of Horizon to be held at 10.00am today: • Chairman’s address to s
Slide 2: Chairman's Address: Compliance Statement
Chairman’s Address Compliance Statement I will start by pointing you to our compliance statement and disclaimer which relates to today’s presentation which I would encourage you all to read. I would also like to highlight that all references in today’s presentation are to US dollars unless otherwise
Slide 3: Key cash flow, net cash and dividend payments 2024/25
Chart showing key cash flow and cash/net cash position and dividend payments for 2024/25 Firstly, I welcome those shareholders in attendance at the meeting today and to those attending the meeting online. I will leave Richard to discuss in detail the company’s financial results; however, it is worth
Slide 4: Cumulative share price plus distributions versus ASX 200 Accumulation Index
Chart showing Horizon cumulative share price plus distributions from June 2020 to November 2025 compared to ASX 200 Accumulation Index Importantly, we have used our financial capacity to continue the implementation of our company strategy. During the year we delivered total dividends of AUD 3 cents
Slide 5: Thai acquisition: 2P reserves, production, revenue and operating costs
Chart showing Thai Acquisition 2P Reserves addition, production, revenue and operating cost base as reported in Quarterly The Thai acquisition represents a US$30.0 million investment for Horizon in which we acquired interests in two onshore gas fields in Thailand. Through the transaction, we acquire
Slide 6: IEA forecasts of global oil and gas demand
Chart showing IEA forecasts (and history) of global demand for oil and gas Finally, it is worth reflecting on where Horizon is positioned in this period of change, particularly in the energy industry. We have seen a reduction in Brent oil price to approximately US$65 per barrel from an average of US
Slide 7: CEO's Address: Introduction and Horizon Portfolio
CEO’S ADDRESS Introduction Thanks Bruce. Let me also welcome you to this year’s AGM. Horizon Portfolio What a difference a year makes – at last year’s AGM Horizon had 3 production assets with most asset permit lives expiring around 2028. Today we have 5 production assets in 4 countries with permits
Slide 8: Delivering on Strategy
have achieved this whilst paying consistently high dividends and distributions, which now amount to over a quarter of billion dollars. We have just notched up 5 consecutive years returning a distribution yield of 15% or greater. So building on Bruce’s commentary today I’m pleased to share with you o
Slide 9: Asset Update and Outlook
integral player in supporting communities and governments in meeting their energy needs for the foreseeable future. ASSET UPDATE AND OUTLOOK So now turning to an update on our asset portfolio and our future outlook. Foundation Assets: Maari & Block 22/12
Slide 10: Foundation Assets: Maari & Block 22/12
Starting with our foundation assets, Maari and Block 22/12. These assets continue to perform strongly. At Maari, production remains robust, supported by successful well workovers, and importantly, just a few months ago we secured a 10-year permit extension through to 2037. That’s a huge milestone —
Slide 11: Recent Additions: SPH/NP Thailand
Recent Additions: SPH/NP Thailand Our entry into Thailand has given Horizon a new growth platform. The two assets – Nam Phong and Sinphuhorm support domestic gas fired power generation at the nearby Nam Phong power station which provides about 20% of North East Thailand power generation. Importantly
Slide 12: Outlook
OUTLOOK Now turning to the Company outlook and our plans for the future. Reminder – Where we were less than 2 years ago Before we look at our current production forecast, let me just remind you of the production outlook for the company based on where we were just 2 years ago. As you can see from thi
Slide 13: Production outlook and plans for the next 12 months
Now following 2 acquisitions and with the Maari Permit extension we have an entirely different outlook. Horizon’s production is now well diversified across oil and gas, and across multiple stable jurisdictions. This makes us very resilient. With our new additions of Mereenie and Thailand, our produc
Slide 14: Cash returns, growth and low-cost production
This combination of cash returns, growth, and low-cost production continues to make Horizon a compelling investment proposition So once again, we have a reasonably busy calendar of activity firmly focussed on extracting more value out of our assets. Now before I wrap up for questions, the results we
Slide 15: Authorisation
Authorisation This ASX announcement is approved and authorised for release by the Company Secretary on 19 November 2025. For more information please contact: Horizon Oil Limited T: +61 2 9332 5000 Level 4, 360 Kent Street Richard Beament CEO F: +61 2 9332 5050 Sydney NSW 2000 Australia > horizonoil.