Horizon Oil (HZN) 2019年年度报告「ASX」.pdf

1、AnnualReport2019Horizon Oil Limited ABN 51 009 799 455Contents2019 Highlights 1Chairman and CEOs Report 2Reserves and Resources Statement 7Board of Directors 12Consolidated Results 12Activities Review13 Production14 Development and Pre-development18 Exploration20Annual Financial Report21Directors Re

2、port22Sustainability Report44Shareholder Information102Glossary104Company Directory1052P RESERVES INCREASE 95%reserves replacement36%1.8mmbblsRECORD SALES REVENUEUS$122 millionUNDERLYING PROFIT BEFORE TAX US$37 millionRECORD SALES VOLUME1.87 mmbblsNET DEBT REDUCED TOUS$28 million22%97%13%68%RECORD E

3、BITDAX US$93 million Consistent growth in sales volumes for 5 consecutive years Material increase in sales revenue driven by record oil sales volumes Accelerated debt reduction with 68%reduction in net debt in FY19 Greater production and revenue diversification following acquisition of additional Ma

4、ari interest in 2018 Maintenance of low operating costs driving record EBITDAX2019 HighlightsAreas of OperationUNDERLYING PROFIT BEFORE TAX(US$m)REVENUE1 (US$m)OIL SALES(mmbbls)EBITDAX(US$m)Papua New GuineaPDL 10(Stanley)30%PRL 21(Elevala/Ketu)30.15%PRL 28(Ubuntu)30%PRL 40(Puk Puk/Douglas)20%PPL 372

5、95%PPL 373100%PPL 430*100%PPL 57480%ChinaBlock 22/12 (Production/Exploration)26.95%/55%New ZealandPMP 38160(Maari/Manaia)26%*Licence PPL 430 expired post 30 June 2019.“Our strengthened balance sheet and strong cashflow generation provides increasing capacity to identify and secure appropriate growth

6、 opportunities within our focus region to complement our existing oil production assets.”1.210.930.290.900.471.381.420.800.300.32 1.650.480.860.311.870.290.581.00 Maari Beibu Cost recovery entitlement Maari Beibu1 Net of hedge settlements.70.5104.076.068.5100.0122.433.440.535.568.980.131.242.352.216