1. p45 of 2012 Annual Report:We are also considering...

1.
p45 of 2012 Annual Report:
We are also considering possibilities of developing further power plants, which include renewable power generation
facilities as well as further developing highly efficient gas-fuelled power plants consistent with our existing power
operations, either on a standalone basis or in conjunction with the development of an LNG facility.

2.
http://www.pngindustrynews.net/storyview.asp?storyid=9637422
Friday, 14 September 2012
Blair Price

A recent presentation by Energy World Corporation revealed that Talisman Energy and its partners in Papua New Guinea’s Western Province might seek to develop at least a 2 million tonnes per annum modular LNG terminal on Parama Island southeast of the Fly River delta...

...

Horizon has previously flagged that a floating LNG development could even be considered but a presentation by EWC executive director Brian Allen at the CLSA Investors Forum in Hong Kong this week indicates that modular LNG is a favoured option.

On one of the EWC-announced presentation slides which are all labelled “strictly confidential”, the Parama Island LNG project is targeting initial capacity of 2Mtpa with a flagged expansion to 5Mtpa.

EWC said this modular LNG terminal would be developed in conjunction with a deep water port and power station.

Talisman wasn’t mentioned but the map on this slide marks out a pipeline route which starts from the gas fields in licences held by Talisman, Horizon and other Western Province players.

...

3.
21st September 2012 ASX Announcement: Presentation to CLSA Investors' Forum - Amended
Slide 62 refers to Parama Island LNG.

4.
From Wikipedia:
Parama Island (formerly Bampton Island) is an island close off the south coast of Papua New Guinea. It is located 17 km east of Daru, the provincial capital of Western Province (Papua New Guinea), at the southernmost extreme of the Fly River delta, and at the northeastern corner of the Torres Strait. It is the northernmost of the Torres Strait Islands, and at the same time the southernmost of the Fly River delta. Bampton Point, its southernmost point, marks the southwestern corner of the Gulf of Papua.

5.
1st October 2012 ASX Announcement: Company Response to Sydney Morning Herald Article
Last para., first page:
With regard to the Western Province of Papua New Guinea, the Company has never stated that it was in discussions with Talisman. This was a proposal submitted to other parties in the Western Province. It remains a future potential development opportunity for the Company,...

6.
http://www.horizonoil.com.au/documents/StrategicalliancewithOsakaGasinPNG.pdf
23rd May 2013 Horizon Oil/Osaka Gas Announcement: HORIZON OIL (HZN) ANNOUNCES STRATEGIC ALLIANCE WITH OSAKA GAS
IN PAPUA NEW GUINEA

Horizon Oil advises that it has today entered into an agreement to sell 40% of its
Papua New Guinea assets to Osaka Gas Co. Ltd. of Japan for US$204 million,
including US$74 million in cash on completion, a further US$130 million in cash
upon FID for an LNG project, plus potential production payments where threshold
condensate production is exceeded.

7.
Today
LNG to power mining
Source:
The National, Friday 31st May 2013
By GYNNIE KERO
THE natural gas from the Stanley gas field will generate power for regional mining operations and rural electrification in Western, Horizon Oil says.
Horizon revealed this yesterday in Port Moresby following the approval of the Stanley project development licence application by Environment and Conservation Minister John Pundari.
“We are very pleased to have received ministerial approval in Principle for the Stanley Gas Project which represents an important milestone in the regulatory approval process.
Condensate from the Stanley gas field is expected to be sold to the Napanapa refinery, with the high diesel yielding condensate enhancing PNG’s energy independence.
Conversion by Ok Tedi Mining Ltd (OTML) to gas-fired power, displacing expensive diesel-fired generators could bring about estimated savings in energy costs to Ok Tedi of about A$1 billion (K2.1 billion) over 20 years.

8.
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