Horizon Oil Limited · ASX:HZN

Horizon Oil — Investor Presentation (January 2003)

30 slides from Horizon Oil's investor presentation, Jan 29, 2003

  1. Slide 1: Horizon Oil N.L. Investor Presentation January 2003

  2. Slide 2: Horizon Oil – The Value Story

  3. Slide 3: Horizon Interests Worldwide

    The Horizon Team BOARD RESPONSIBILITIES EXPERIENCE Fraser Ainsworth Chairman, Member of Audit | Committee _ 26 years in CSR's resource & energy business, former MD of Delhi, former MD of SAGASCO, Founder & Executive Director of Potential Energy, Chairman of Bionomics Ltd, Director of Oil Search Bren

  4. Slide 4: The Horizon Team

    - About: Oasis of Oasis Energy Investments Pty Ltd is a company specifically incorporated to hold an interest in Horizon : Cent shareholding is 119.6 million ordinary i equivalent to 33.1% a shares on issue and 33. = nee options, Core at ae po 2 . repay a _ ~ Shareholders at are:- _ _ _ _ _® TRT Hol

  5. Slide 5: About Oasis

    Ww o , N jo) , N ° a jo) jo) £ = & < > a = z 6 = a a c ° an] i ° x © Chea B/Choctay: \ T T T T 0% 10% 20% 30% 40% 50% 60% oe 6 90% 100% Probability of Success investor Presentation January 2003

  6. Slide 6: Probability of Success

    aintain a portfol with ed of eaiecton prospects drough © assets | which, in combination, have a better than 50% chan achieving objective

  7. Slide 7: Portfolio balance of exploration prospects

    o = = ® > oe a a ° J = o oO Pua ® a investor Presentation January 2003

  8. Slide 8: ean gur |

    ean gur | nan 1FAPOO BER ssa EEX Nowy Zacdows Lit 140% PRP 30465 Pocule Tiger Reorgy (oy Lia 10C% am Pacmou Paaaingy® | fern BER 46725 sora 1 eri . fe ae Pa Iowa ad e | a biwet 5 Pan NEW ZEALAND Prowonay LOCALITY MAF PEP saa74 ~ ny Exptoration Le _ ooptsates 35°00" ovo 1 SEFI0 ; =) PEP S873 geo fico

  9. Slide 9: New Zealand locality map

    Maari / Manaia - Schematic Cross Section Pukeko A PROSPECT AND LEADS MAP PEP 38413 Rilometees investor Presentation January 2003

  10. Slide 10: Maari / Manaia - Schematic Cross Section

    China Acreage -Block 22/12 "Zhanjiang | BLock 22/12 (30%) [ae — South China Sea - kn "Investor Presentation January 2003

  11. Slide 11: China Acreage - Block 22/12

    Wei-12-1 Field 1979 Brought on to production mid 199) 25,000 BOPD 33m vertical refief 25-37°API Wei-12-2-1 Discovery 1993} 3,224 BOPD (cumulative) from Eocene 29m net pay 16% porosity 30-36°API Wei-12-8-1 Discovery 1993 1,286 BOPD from Miocene 14m off and gas cofumn 100% NIG Modest up dip potential

  12. Slide 12: Wei-12-1 Field

    investor Presentation January 2003

  13. Slide 13: MONGOLIA.

    MONGOLIA. Le leas 2 ‘Turpan-Har - = : ; Jiuguan 5 oc ae Dliss ii Bay of Bengal Hailar 4 Songliao investor Presentation January 2003

  14. Slide 14: China basins map

    ‘Tunisia Acreage _ Mediterranean __ Horizon permit Oil pipeline : _ Gas pipeline FEJAJ - 14.29/21.79% = Oilfield y : : : Gas Fiel i _ Gulf of Gabes Gabes | a eS “Investor Presentation January 2003

  15. Slide 15: Tunisia Acreage

    Chott Fejaj Structure investor Presentation January 2003

  16. Slide 16: Chott Fejaj Structure

    Chott Fejaj Seismic Line oe, Soe a Siete erat ace. ce tae 2 ee investor Presentation January 2003

  17. Slide 17: Chott Fejaj Seismic Line

    Ss Gf. SS ei SSS SOC AC SSS ES = Zo SCA SS <i investor Presentation January 2003 Ns PSS SSS SSS SSS SSS SSS SS SSS PN NN SS RSS SS NSN PASS RN RNS BSS SSS re Ba Gulf of Papua = = & OCR — f BSS SS a We iy = oS SS OO Se SIA MM Je NSS 82. ~ 8s S- 2

  18. Slide 18: Papua New Guinea licences

    PPL 206 Synthetic Aperture Radar cay, ie investor Presentation January 2003

  19. Slide 19: PPL Synthetic Aperture Radar

    _A Foreland Giant Structure in Tran investor Presentation January 2003

  20. Slide 20: A Foreland Giant Structure in Iran

    Seismic Line over Bosavi Kanau-1 Greater Bosavi North 157. |= 251 351 451 551 651 751 851 el Basement investor Presentation January 2003

  21. Slide 21: Seismic Line over Bosavi

    “peviont KIMU ax. 4 PRLOS Romewu 1 PPLe27 investor Presentation January 2003

  22. Slide 22: Kapul and PNG licences

    a a ies investor Presentation January 2003

  23. Slide 23: BAYOU CHOCTAW

    BAYOU CHOCTAW %1100%) 100 km "Investor Presentation January 2003

  24. Slide 24: Bayou Choctaw

    Victory Financial HBP investor Presentation January 2003

  25. Slide 25: Victory

    Seism WILBERTS 93 PRIMARY OBJECTIVE Shed TD 10,500 FEET investor Presentation January 2003

  26. Slide 26: Seismic

    Bayou Choctaw Structure | DEEP WILCOX DDIS 2D PROJE CHWING 1500 Ae. Closure, 800° N. Dip Bol — £3,300" Basin Floor Fan, ié MMBO Possible Weils Muttiple Zones LEVERT LEASE Bol Mex ~ 10,000" RT HBP “] oT BAYOU CHOCTAW WEST j i . Nonion Struma, Nadosaria 14,000 5 i) i 10-30 BOP Pr 106-200 BOPG Possible

  27. Slide 27: Bayou Choctaw Structure

    fe PEP 38728 (30%) “Investor Presentation January 2003

  28. Slide 28: PEP 38728 (30%)

    Eastern Margin Tariki $s Thrust Play (Schematic) Mio-Pliocene wa Tariki Ss DOr H6thst.ony After: Swift NAPE 2000 presentation investor Presentation January 2003

  29. Slide 29: Eastern Margin Tariki Thrust Play (Schematic)

    2003 2004 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Chott 7 a es PNG . ed : : a Kapul-1 Bayou Choctaw | 4 China (22/42): : appraisal well(s J : exploration well(s) New Zealand: ' on Maari-2| ‘thrust belt well thrust belt sidetrack investor Presentation January 2003

  30. Slide 30: Drilling timeline 2003-2004

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