1、ACN 51 009 799 455ANNUAL REPORT.auFY2024 INVESTMENT HIGHLIGHTSFinancial Year 2024 was transformative for the Company with the successful acquisition of Mereenie.This third production asset has diversified our production base,significantly increased the Groups reserves,and provides a production base
2、beyond the expiry of existing licences.FY24 Total Shareholder Return(TSR)of 54%adding approximately AUD 120 million of shareholder valueSuccessful completion of Block 22/12 drilling programs,with progress towards Maari life extensionCompleted the acquisition of a 25%non-operated participating intere
3、st in the OL4 and OL5 development licences,Northern Territory,Australia,which contain the producing Mereenie conventional oil and gas fieldRecognising the continued strong results for the financial year,the Company announces a final unfranked(conduit foreign income)dividend of AUD 1.5 cents per shar
4、e.Together with the interim dividend of AUD 1.5 cents per share paid in April 2024,the interim and final dividend distributions total AUD 3.0 cents per share.STATUTORY PROFIT BEFORE TAXUS$39.2mNET CASHUS$26.2mSALES REVENUEUS$111.5mFINAL FY24 DIVIDEND(US$16M)AUD 1.51 cpsSALES VOLUME1,301,155boeEBITDA
5、XUS$71.5m1 Final dividend to be paid following the interim dividend of AUD 1.5 cents per share paid in April 2024HORIZON OIL ANNUAL REPORT 2024CHINABlock 22/12 Production 26.95%AUSTRALIAOL4/OL5 Production 25%AREAS OF OPERATIONCONTENTS2024 Highlights01Reserves and Resources Statement05Shareholder Inf
6、ormation104Chairmans Message02Activities Review11Glossary107CEOs Message03Annual Financial Report15Corporate Directory1091 Net of hedge settlements 2 FY20 and FY21 excludes profit and loss from discontinued operationsNEW ZEALANDPMP 38160(Maari/Manaia)Production 26%Oil&gas sales(MMboe)Maari Beibu Cos