Level 6, 134 William Street | P +61 2 9332 5000 |
Woolloomooloo NSW 2011 | F +61 2 9332 5050 |
Australia | horizonoil.com.au |
For personal use only
19 November 2021
The Manager
Company Announcements
ASX Limited
Exchange Centre
20 Bridge Street
Sydney NSW 2000
HORIZON 2021 ANNUAL GENERAL MEETING POLL RESULTS AND PRESENTATION
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise details of the resolutions and the proxies received in respect of each resolution as set out in the attached proxy summary.
Also attached is the AGM Presentation made by the CEO during the meeting.
Authorisation
This ASX announcement is approved and authorised for release by the Company Secretary.
Horizon Oil Limited | More Information Chris Hodge | T +61 2 9332 5000 |
ABN 51 009 799 455 | Horizon Oil Limited | info@horizonoil.com.au |
r personal use only
only2021 AGM PRESENTATION
useersonalANNUAL GENERAL MEETING PRESENTATION
COMPLIANCE STATEMENT
DisclaimerReserves Disclosure
only | • Unless otherwise stated, all petroleum reserves and resource estimates refer to | |
• Statements contained in this material, particularly those regarding the possible or assumed | ||
future performance, costs, dividends, returns, production levels or rates, prices, reserves, | those estimates as set out in Horizon's Reserves and Resources Statement as at the | |
potential growth of Horizon Oil Limited, industry growth or other trend projections and any | balance date (i.e. 30 June) as most recently released to ASX. Horizon is not aware of | |
estimated company earnings are or may be forward looking statements. Such statements | any new information or data that materially affects the information included in this | |
relate to future events and expectations and as such involve known and unknown risks and | presentation. All the material assumptions and technical parameters underpinning | |
uncertainties. Actual results, actions and developments may differ materially from those | these estimates continue to apply and have not materially changed. | |
expressed or implied by these forward looking statements depending on a variety of factors. | • For the purposes of this presentation, 6 bcf of raw gas equals 1 mmboe. | |
• While every effort is made to provide accurate and complete information, Horizon accepts no | ||
• The estimates of petroleum reserves and resources contained in this statement are | ||
responsibility for any loss, damage, cost or expense incurred by you as a result of any error, | ||
based on, and fairly represent, information and supporting documentation prepared | ||
omission or misrepresentation in information in this presentation. | ||
by staff and independent consultants under the supervision of Mr Gavin Douglas, the | ||
• In this presentation, references are made to EBITDAX, Underlying Profit and Free Cashflow, | GM-Production and Exploration of Horizon Oil Limited. Mr Douglas is a full-time | |
use | which are financial measures which are not prescribed by Australian Accounting Standards: | employee of Horizon Oil Limited and is a member of the American Association of |
Petroleum Geologists and the Society of Petroleum Engineers. Mr Douglas' | ||
• EBITDAX represents the profit adjusted for interest expense, taxation expense, depreciation, | qualifications include a Master of Reservoir Evaluation and Management from Heriot | |
ersonal | amortisation, and exploration expenditure (including non-cash impairments) | |
Watt University, UK and more than 24 years of relevant experience. Mr Douglas | ||
• Underlying profit represents the profit adjusted for the unrealised movement in the value of | consents to the use of the petroleum reserves and resources estimates in the form | |
options issued under the subordinated loan facility, and non-cash impairments | and context in which it appears. | |
• Free Cash Flow represents Cashflow from Operating Activities less Investing cashflows | • This presentation should be read in conjunction with the 2021 Reserves and | |
Resources Statement, the Annual Financial Report for the year ended 30 June 2021 | ||
• All references to dollars in the presentation are United States dollars unless otherwise noted. | and ASX Announcements. | |
ANNUAL GENERAL MEETING PRESENTATION | 2 |
OUR STRATEGY
only | Further Distributions to | ||
use | Maximise Free | Invest in New Business | |
Shareholders | |||
Cashflow | if exceptional | ||
when prudent to do so | |||
ersonal | |||
ANNUAL GENERAL MEETING PRESENTATION | 3 |
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Horizon Oil Limited published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 02:22:01 UTC.