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HORIZON PETROLEUM LTD. ‎ANNOUNCES TERMINATION OF LETTER OF INTENT AND PROVIDES UPDATE

March 16, 2023 via NewsWire Tagged With: TSX VENTURE:HPL.H

/Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any ‎failure to comply with this restriction may constitute a violation of U.S. Securities laws.‎/

CALGARY, AB, March 16, 2023 /CNW/ – Horizon Petroleum Ltd. (“Horizon” or the “Company“) (TSXV: HPL.H) announces that the proposed transaction for a certain European oil and gas company first announced on ‎January 12, 2023, has been terminated. The Company could not reach final agreeable terms with the vendor.

Trading in the Horizon shares on the NEX Board has been halted at the request of the Company … Continue Reading

Horizon Petroleum Ltd. ‎to Acquire a Private European Oil and Gas Company to Create a New Europe Focused Energy Producer

January 12, 2023 via NewsWire Tagged With: TSX VENTURE:HPL.H

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY ‎FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.‎/

CALGARY, AB, Jan. 12, 2023 /CNW/ – Horizon Petroleum Ltd. (“Horizon” or the “Company“) (TSXV: HPL.H) is pleased to announce that it has entered into a letter of intent dated December 9, 2022 (the “LOI“) with a private European company (the “Vendor“) under which Horizon will acquire all of the outstanding shares of its European oil and gas subsidiary company (“SUB“) (the “Transaction“) through the issuance of … Continue Reading

HORIZON PETROLEUM LTD. ANNOUNCES LETTER OF INTENT FOR PROPOSED ACQUISITION OF EUROPEAN OIL AND GAS COMPANY

December 13, 2022 via NewsWire Tagged With: TSX VENTURE:HPL.H

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

CALGARY, AB, Dec. 12, 2022 /CNW/ – Horizon Petroleum Ltd. (TSXV: HPL.H) (“Horizon” or the “Company“) is pleased to announce that it has entered into a non-binding letter of intent (“LOI“) dated December 9, 2022, to enter into a business combination (the “Transaction“) with an arm’s length oil and gas company.  It is expected that upon completion of the Transaction, the combined entity (the “Resulting Issuer“) … Continue Reading

Horizon Petroleum Announces Updated NI51-101 Reserves and Resources Report for Poland

December 5, 2022 via NewsWire Tagged With: TSX VENTURE:HPL.H

CALGARY, AB, Dec. 5, 2022 /CNW/ – Horizon Petroleum Ltd. (the “Company” or “Horizon”) (TSXV: HPL.H) is pleased to report the results of a recent independent reserve and resource evaluation (“Reserves Report”) on the Lachowice conventional natural gas field in the Bielsko-Biala concession in southern Poland.  The Reserves Report has an effective date as of October 01, 2022 and was prepared in compliance with the standards set out in National Instrument 51-101 of the Canadian Securities Administrators and the Canadian Oil and Gas Evaluation Handbook (COGEH).

Highlights

  • Gross Probable Undeveloped Reserves (2P) of 34.4 Bcf gas and 262MBbls of
  • … Continue Reading

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