Sydney, Aug 11, 2006 (ABN Newswire) - Horizon Oil Limited (ASX: HZN) - Excellence in Upstream Energy - Mr Brent Emmett, CEO; Boardroomradio is pleased to announce that Horizon Oil Limited (ASX: HZN) has published an audio file. The following presentation "Excellence in Upstream Energy" is now available as an instant audio download to your computer. You may also transfer this information to your listening device as an IPod podcast.
The BRR service is based on streaming audio sent in compressed form over the internet and displayed as it arrives. You do not have to wait for the whole file to be downloaded before you can hear it, instead the media is sent in a continuous stream and is played immediately as it reaches your computer. Please note that during live broadcasts there can be a delay of approximately 1-2 minutes, depending on traffic through your Internet Service Provider.
Broadcaster: Horizon Oil Limited (ASX: HZN)
Broadcast Title: Excellence in Upstream Energy
Broadcast Type: Audio stream
View the Audio stream for Horizon Oil Limited (ASX: HZN) by clicking on the following links.
Display in Windows Media Player
http://www.boardroomradio.com/event/HZN/432/12909/wmp/221.242.254.150/wsl.wmp?
or:
Display in MP3 Player or Transfer to Portable Podcast Device
http://www.boardroomradio.com/event/HZN/432/12909/mp3/221.242.254.150/wsl.mp3?
Computers set up for access to the Internet, including at least a 28.8k modem and sufficient memory and hard disk space to run Windows Media Player or Real Player, should be able to run BRR media files.
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About Horizon Oil Ltd
Horizon Oil Limited (ASX:HZN) (OTCMKTS:HZNFF) is an ASX-listed petroleum exploration and production company, with a geographic focus on the Asia-Pacific region. The company currently produces over 4,000 barrels of oil per day net from its fields in New Zealand and China, which generated over US$80 million in net operating income after operating expense for the year ended 30 June 2015. Further development candidates remain in and around these producing fields.
Horizon Oil maintains prudent policies of oil price hedging and loss of production insurance to ensure that sufficient cash flow is generated to meet the funding requirements of its growth program.
The company holds a large undeveloped reserves and contingent resource position in Western Province, onshore Papua New Guinea. These are liquids-rich gas resources and reflect Horizon Oil’s strategy to focus on Asian gas for growth. Gas constitute about 2/3 of the reserves and resource base. Commercialisation pathways for the gas are emerging.
Although Horizon Oil anticipates continuing strong cash generation over the medium term from its existing producing fields, these developed reserves account for only 10% of total reserves and resource base. The focus going forward will be on new field development, funded largely from existing production cash flow.
