Horizon Petroleum ( (TSE:HPL) ) has issued an update.
Horizon Petroleum Ltd. has provided an update on its operations in Poland, specifically regarding the Lachowice gas development in the Bielsko-Biala concession. The company is preparing for a workover at the Lachowice 7 well, which is expected to lead to its first production and cash flow. Key developments include the completion of excavation work, positive preliminary environmental assessments, and the approval of surface lease agreements. The company is exploring various options for gas monetization, including gas-to-power and gas tie-in solutions, with the aim of commencing sales by Q1 2026. This progress marks a significant step in Horizon’s strategy to establish a foothold in the European energy market.
More about Horizon Petroleum
Calgary-based Horizon Petroleum Ltd. is focused on the appraisal and development of natural gas and oil reserves in Europe. The management and board consist of oil and gas professionals with significant international experience.
YTD Price Performance: -27.78%
Average Trading Volume: 182,934
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.69M
For detailed information about HPL stock, go to TipRanks’ Stock Analysis page.