Horizon Oil (HZN) 2005年年度报告「ASX」.pdf

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1、Annual Report 2005 Horizon Oil LimitedABN 51 009 799 455H-R Annual Report 2005 20/10/05 10:39 AM Page bHorizon Oil Limited Annual Report 20052004/2005 in Summary Maari oil field development concept finalised and tender ofmaterial contracts let,leading to project development decision in second half o

2、f 2005 Progression of Block 22/12 development concept;commercialnegotiations on use of Chinese infrastructure Results of high potential exploration activities in Papua NewGuinea(Kapul)and Thailand(Bussabong)were disappointing Project finance in place for Maari development Successful capital raisings

3、 with substantial new shareholdersjoining share registerContentsChairmans Message2Chief Executives Report5Consolidated Results8Activities Review9Permit Listing9Financial Statements17Shareholder Information64H-R Annual Report 2005 20/10/05 10:39 AM Page c1 Approval and execution of Maari oil field de

4、velopment,with 5-6 mmbo recoverable(2P)net to Horizon Oil Multi-well field development program at Bayou Choctaw,Louisiana 1-2 well drilling program in Block 22/12 with prospect of expanding field development potential Continued review and pursuit of high potential opportunities-Lei Dong(offshore Chi

5、na)and Gulf of ThailandLooking Forward 2005/2006CHINAPAPUA NEW GUINEANEW ZEALANDUNITED STATES OF AMERICAAreas of OperationsH-R Annual Report 2005 20/10/05 10:39 AM Page 12Horizon Oil Limited Annual Report 2005Dear Shareholders,I am very pleased to report substantial and specificprogress in building

6、the well-balanced portfolio ofbusiness opportunities that we describe as our“Game Plan”.Maari field,offshore New Zealand,is progressing wellThe most significant evidence of this progress is theHorizon Oil announcement on 7 October 2005 that theCompany had made a positive Financial InvestmentDecision