Horizon Oil Limited Reports Production Results for the Half Year Ended 31 December 2022

Horizon Oil Limited is an Australia-based upstream oil and gas company. The Company is engaged in the exploration, development, and production of petroleum. The Company operates through two segments: New Zealand exploration and development, and China exploration and development. New Zealand exploration and development segment is involved in development and production of crude oil from the Maari/Manaia oil field development, and the exploration and evaluation of hydrocarbons within the PMP36180. China exploration and development segment is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The Block 22/12 oil development comprises nine hydrocarbon pools across three different production licenses. It lies 35 kilometers southwest of Weizhou Island, China. The Maari oil field lies 80 kilometers off the south Taranaki coast in 100m water depth.