The PNG Papuan Basin is an under-explored petroleum province with >5 billion boe yet to find across a number of play types. The Papuan Basin shares a petroleum system with proven world class basins of the Australian NW Shelf. Horizon are offering the opportunity to earn up to 50% equity in 4 exploration licences covering over 6,500 sq. km. with over 15 delineated prospects and leads; an active exploration programme over the next 3 years; attractive fiscal terms and operating conditions. Horizon Oil operates adjacent gas and condensate discoveries and is working with partners to progress the Western LNG Project with access to key Asia Pacific markets. Horizon Oil is a reputable operator with strong relationships with the PNG Government and local communities.