About
We are an agile upstream oil and gas company bringing Australian business rigour to an Asia‑Pacific portfolio of assets.
With a focused active management approach and a high calibre, hands‑on team, we’re committed to building resilient energy production and shareholder value.
Strategic Priorities
01
A Balanced Portfolio Powered By Production
Optimising production and minimising operating costs from our producing assets in China and New Zealand
02
Making The Right Kind Of Impact
Ensuring the safety of our people, being environmentally aware and enhancing the communities where we operate
03
Drive Growth
Pursue value accretive growth. Realising value from our exploration and development assets and complementing by acquisition our existing asset portfolio
04
Foster High Performance Culture
Maintain a high performing team. Leverage expertise to mature assets and opportunities and partner for project delivery and operations
Our History
WZ12-8E Phase 2 Drilling Program
Distribution Announcement
Extension of debt facility
MD/CEO Appointment and changes to senior leadership
Commencement drilling of WZ12-8E in Beibu Gulf, China
Share Capital Return increase
Board appoints Nigel Burgess
Cancellation of on-market buy-back
Share Capital Reduction
Notice of Transfer of Options
Completion of Unmarketable Parcel Share Buy-back
Announces Unmarketable Parcel Buy-back
Announces Capital Management Initiatives
Commence production from infill wells, Beibu Gulf, China
Commences infill drilling program in Block 22/12, Beibu Gulf, China
Completes sale of PNG interests
Sale of PNG interests
FID of WZ12-8 East project in Block 22/12, Beibu Gulf, China
Spud of WZ 6-12 M1 exploration well in China
Production reaches 40 million barrels at Maari New Zealand
Begin production from infill wells on WZ 12-8W & 12-8M fields in China
Horizon acquires additional 16% in Maari New Zealand
Production reaches 13.9 million barrels at Block 22-12, China
Successful upgrade of the FPSO Raroa mooring system
Appraisal / development well WZ 12-8-W-A6H in field WZ 12-10-2
Maari Growth Projects successfully completed
Production starts at MR7 at Maari New Zealand
Production starts at MR6A at Maari New Zealand
Spud of Nama-1 exploration well, PNG
First oil from the Maari Growth Projects
Second oil discovery in WZ 12-10-1 exploration well, China
Oil discovery in WZ 12-10-1 exploration well, China
Spud of Stanley 5 appraisal well, PNG
Significant discovery with Tingu-1 exploration well, PNG
Spud of Manaia-2, exploration / appraisal well, New Zealand
Spud of Tingu-1 exploration well, PNG
Horizon doubles PNG acreage position
First production from Block 22/12, China
Second successful well at WZ 6-12-A6 deviated step-out exploration well, China
Oil discovery at WZ 6-12N-1 exploration / appraisal well, China
Production reaches 20 million barrels at Maari, New Zealand
Ketu-2 appraisal / development flowed gas on testing, PNG
Final Investment Decision for Stanley field development, PNG
Horizon increases acreage position (PPL 259), PNG
Successful drilling of Elevala-2 appraisal / development well in PNG
Horizon acquires additional interests in Block 22/12, China
Spud of well in PRL 4, PNG
Production reaches 10 million barrels at Maari, New Zealand
First cargo of crude oil from Maari, New Zealand
Approval of overall development plan for WZ 6-12 and 12-8W, China
CNOOC Ltd to participate in its full 51% share in WZ 6-12 and 12-8W development, China
Successful production test of the Stanley 1 well, PNG
Discovery made in 6-12S in China
Announces FID of the Maari field New Zealand
Acquires 10% interest in Maari field, New Zealand
Name changed to Horizon Oil Limited
Board of Directors
Michael Harding
Chairman, Independent Non-Executive Director
Michael Harding
Chairman, Independent Non-Executive Director
Mike has been Chairman of Horizon since November 2018. He has held management positions around the world with British Petroleum (BP), including President and General Manager of BP Exploration Australia. Mike is currently a Director of Cleanaway Waste Management Limited. He is a former Chairman of Downer and Lynas Limited, Roc Oil Company Limited, Clough Limited and ARC Energy Limited and a former Director of Santos Limited.
Mike holds a Master in Science, majoring in Mechanical Engineering.
Board Committees - Mike is Chairman of Horizon’s Disclosure Committee and Member of Horizon’s Audit and Remuneration and Nomination Committees.
Richard Beament
Managing Director, Chief Executive Officer
Richard Beament
Managing Director, Chief Executive Officer
Richard has been appointed Chief Executive Officer/MD in July 2022.
Richard has been CFO since July 2018 and he joined Horizon as Finance and Commercial Manager in May 2010 with line management responsibility for Horizon’s statutory and joint venture accounting, treasury, taxation and insurance matters. Since that time, he has been actively engaged in arranging and managing funding for Horizon’s portfolio of international exploration, development and production assets. Richard has over 20 years’ experience in accounting and finance, and prior to joining Horizon, held senior positions with PricewaterhouseCoopers working with top-tier clients in Sydney and London across a range of industries.
Richard is a Chartered Accountant (CAANZ) and holds a Bachelor of Commerce from the University of NSW.
Board Committees – Richard is a Member of Horizon’s Risk Management and Disclosure Committees.
Sandra Birkensleigh
Independent Non-Executive Director
Sandra Birkensleigh
Independent Non-Executive Director
Sandra has been a Director of Horizon since February 2016. Sandra has 24 years’ experience in financial services, risk management, compliance and corporate governance with PricewaterhouseCoopers including as Global Lead for Governance Risk & Compliance, National Lead for Partner Risk and Controls Solutions and a Service Team Leader for Performance Improvement.
Sandra is a Chairman of Auswide Bank Limited and a director of MLC Limited, 7-11 Holdings and its subsidiaries, National Disability Insurance Agency, the Sunshine Coast Children’s Therapy Centre and a Council Member of the University of the Sunshine Coast.
Sandra is Chair of the Audit and Risk Committee of the University of the Sunshine Coast, Chair of the Audit and Risk Committee of the Public Trustee of Queensland and an Independent Member of the Audit Committee of the Reserve Bank of Australia. Sandra is a Former Director of Plum Financial Services Limited.
Sandra is a Chartered Accountant and holds a Bachelor of Commerce. She is a Graduate Member of the Australian Institute of Company Directors.
Board Committees - Sandra is Chair of Horizon’s Audit Committee and a Member of Horizon’s Risk Management, and Remuneration and Nomination Committees.
Greg Bittar
Non-Executive Director
Greg Bittar
Non-Executive Director
Greg has been a Director of Horizon since March 2017, as nominated by Horizon’s substantial shareholder IMC Pan Asia Alliance Group. Greg has extensive experience in public and private markets mergers and acquisitions, capital markets and strategic advisory assignments across a range of sectors including general industrials, metals and mining, mining services and energy. Greg has worked for Bankers Trust, Baring Brothers Burrows and Morgan Stanley.
Greg is currently Chairman of Kingwest Resources Limited and was a former Chairman of Trek Metals Limited and Millennium Minerals Limited.
Greg holds a Masters in Finance from London Business School, a Bachelor of Economics and a Bachelor of Laws (Hons).
Board Committees – Greg is Chairman of Horizon’s Remuneration and Nomination Committee and a Member of Horizon’s Audit Committee.
Bruce Clement
Independent Non-Executive Director
Bruce Clement
Independent Non-Executive Director
Bruce was appointed as Independent Non-Executive Director on 1 September 2020.
Bruce has over 40 years’ oil and gas experience; beginning his career as a projects engineer at Esso Australia Limited (now Exxon). He has managed exploration, development and production operations in Australia and Asia, as well as successfully delivering key projects in Australia, China, Indonesia, the UK and the USA, including implementation of major acquisitions and divestments. Bruce has led AWE Limited and ROC Oil Limited and held senior managerial roles at Santos Limited, Ampolex Limited and Esso Limited (Exxon). Bruce holds a Bachelor of Engineering (Civil) Hons and Bachelor of Science (Maths & Computer Science) from Sydney Uni and Masters of Business Administration.
Bruce is currently also a non-executive Director at Norwest Energy Limited.
Board Committee – Bruce is Chairman of Horizon’s Risk Management Committee .
Nigel Burgess
Non-Executive Director
Nigel Burgess
Non-Executive Director
Nigel was appointed as Non-Executive Director on 1 July 2021.
Nigel has 30 years of commercial experience in funds management with Samuel Terry, Hunter Hall, GIO of Australia, Friends Provident in Australia, and a family office in Europe. He has experience in a variety of commercial transactions and corporate restructurings across a range of industries and jurisdictions. He is a former director of Spicers Limited (ASX: SRS; de-listed 2019) and Yellow Holdings Limited (New Zealand).
Board Committee – Nigel is a Member of Horizon’s Audit Committee.
Schedule Of Board Committee Members
Audit Committee
S Birkensleigh (Chairperson)
M Harding
G Bittar
N Burgess
Remuneration & Nomination Committee
G Bittar (Chairperson)
M Harding
S Birkensleigh
Risk Management Committee
B Clement (Chairperson)
S Birkensleigh
R Beament
Disclosure Committee
M Harding (Chairperson)
R Beament
Senior Management
Richard Beament
Managing Director & Chief Executive Officer
Richard Beament
Managing Director & Chief Executive Officer
Richard has been Chief Executive Officer of Horizon since July 2022.
Richard has been CFO since July 2018 and joined Horizon as Finance and Commercial Manager in May 2010 with line management responsibility for Horizon’s statutory and joint venture accounting, treasury, taxation and insurance matters. Since that time, he has been actively engaged in arranging and managing funding for Horizon’s portfolio of international exploration, development and production assets. Richard has over 20 years’ experience in accounting and finance, and prior to joining Horizon, held senior positions with PricewaterhouseCoopers working with top-tier clients in Sydney and London across a range of industries.
Richard is a Chartered Accountant (CAANZ) and holds a Bachelor of Commerce from the University of NSW.
Board Committees – Richard is a Member of Horizon’s Risk Management and Disclosure Committees.
Kyle Keen
CFO / Assistant Company Secretary
Kyle Keen
CFO / Assistant Company Secretary
Kyle has been Horizon’s Chief Financial Officer since July 2022 and was appointed Assistant Company Secretary in November 2018.
Kyle is a Chartered Accountant with expertise in financial risk management and reporting across a range of sectors, in particular, oil and gas. He has 10 years’ experience including working in top tier accounting practices such as EY and KPMG.
Kyle holds a Bachelor of Accounting (Hons) degree and is a member of the South African Institute of Chartered Accountants.
Gavin Douglas
Chief Operating Officer
Gavin Douglas
Chief Operating Officer
Gavin has been Horizon’s Chief Operating Officer since July 2022. Gavin joined Horizon as Subsurface Manager in September 2014, and through the efforts of the team he leads, Horizon championed numerous production enhancing technical initiatives in our oil assets which have resulted in steady net production performance over the last 5 years. Gavin is a geologist with over 23 years of exploration, development and production oil and gas experience, and over a decade in technical managerial positions, with extensive experience leading multidiscipline subsurface teams in Australia, SE Asia and the Middle East. Prior to joining Horizon, Gavin was the Well Delivery Manager with Oil Search and Subsurface Manager with Eaglewood Energy.
Gavin holds an Honours Degree in Geology and a Masters in Reservoir Evaluation & Management. He is a member of the American Association of Petroleum Geologists (AAPG) and a member of the Society of Petroleum Engineers (SPE).
Vasilios (Vas) Margiankakos
Company Secretary / Group Tax Manager
Vasilios (Vas) Margiankakos
Company Secretary / Group Tax Manager
Vas has been Horizon’s Group Tax Manager since October 2017. Vas has over 20 years’ experience in corporate and international taxation and mergers and acquisitions across a vast number of industries including oil and gas, banking and financial services, infrastructure, media, manufacturing and consumer goods, and technology. Prior to joining Horizon, Vas was Head of Tax at Bravura Solutions Limited and BBC Worldwide Australia (now BBC Studios), prior to which he held a number of senior tax positions at top tier accounting practices such as EY, Deloitte and KPMG.
Vas holds a Bachelor of Economics degree from the University of New South Wales.
Hany Sadek
GM, Projects & Engineering
Hany Sadek
GM, Projects & Engineering
Hany has been Horizon’s GM for Projects and Engineering since July 2022. He joined Horizon in 2014, leading greenfield development planning projects. Hany leads Horizon’s technical team engagement with operators and JV partners on HSE, operations and projects performance matters.
Hany brings to Horizon more than 30 years’ experience in the oil and gas industry, spanning field development planning, project management, production optimisation and process design.
Prior to Horizon, Hany held Engineering and Projects Director positions at Weatherford Oil Tools Middle East and was co-founder of Siwa Petroleum, specialising in the delivery of early production facilities.
Hany holds an Honours Degree in Chemical Engineering.