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Horizon Petroleum ( (TSE:HPL) ) just unveiled an announcement.
Horizon Petroleum has disclosed that audit delays will prevent it from meeting the December 29, 2025 deadline to file its annual financial statements, MD&A and related continuous disclosure documents for the year ended August 31, 2025, and now expects to complete these filings by around February 16, 2026. The company has applied for a management cease trade order that would restrict trading by its executives until the filings are made, is operating under an insider trading blackout for management and insiders, will provide bi‑weekly default status updates under securities rules, and stressed there have been no material business developments or insolvency proceedings since its last interim results, aiming to reassure investors while it completes the audit.
More about Horizon Petroleum
Calgary-based Horizon Petroleum is an oil and natural gas company focused on the appraisal and development of conventional onshore hydrocarbon resources in Europe, leveraging a management team and board with significant international energy sector experience.
Average Trading Volume: 115,492
Technical Sentiment Signal: Sell
Current Market Cap: C$4.66M
See more insights into HPL stock on TipRanks’ Stock Analysis page.